As promised at the NVCA meeting in April, last Friday we held a webinar for venture capital firms and their portfolio companies on issues related to secondary market sales.  Led by Frank Currie a partner at Davis Polk & Wardell, the webinar featured guidance and commentary from Josh Green, general partner of Mohr Davidow Ventures and Delida Costin, general counsel of Pandora Media.

The webinar focused on issues for portfolio companies considering secondary sales of their privately held stock as well as guidance for how to mitigate corresponding regulatory and market risks and liabilities.  Many companies are facing pressure from their long time employees to offer various degrees of liquidity.  However, with that strategy comes a host of issues that must be adequately addressed so as not to run afoul of regulations or create a situation in which the company loses its flexibility to make strategic decisions. Frank, Josh and Delida each shared ways in which companies can pursue secondary market transactions most effectively.

Due to the significant interest in this topic, the NVCA is making the archive of this webinar available to the public free of charge.  You can download the full presentation here.  We remain committed to educating our members and their companies about this rapidly evolving area.