He breaks down how secondaries work — from single-asset vs. portfolio-level deals, to how buyers evaluate exposure, discounts, and validation risk.
In this episode:
Why secondaries have become mainstream in venture capital
The difference between single-asset and packaged secondaries
How buyers think about risk, concentration, and validation
What Blume’s 2021 secondary deal with Avendus taught the ecosystem
How global capital ($20B+ funds) is reshaping secondary markets
This is the first of several clips exploring how secondaries are changing the nature of exits — for fund managers, founders, and late-stage investors alike.