8/29/2023 0 Comments Rarify scissors![]() ![]() ![]() Except for the earliest phase of company development, where some intrepid individuals invest their own capital in a fledgling business, most investment comes from institutional money managers often specializing in a particular stage or sector. Because stock in private companies isn’t traded on open markets, it tends to be illiquid (difficult to exchange for cash on short notice) and inefficiently priced.
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