Pershing Square Ventures: Ackman's New Evergreen Fund Has a Liquidity Problem
    Venture Capital

    Pershing Square Ventures: Ackman's New Evergreen Fund Has a Liquidity Problem

    TL;DR: Bill Ackman's Pershing Square disclosed to shareholders around August 13, 2026 that it is launching Pershing Square Ventures Ltd., a new evergreen fund targeting pre-IPO AI and biotech...

    Jeff Barnes, MBA··10 min read
    EquityZen Review 2026: Fees, Track Record, and Real Risk
    Venture Capital

    EquityZen Review 2026: Fees, Track Record, and Real Risk

    Bottom line: EquityZen is a legitimate, SEC-registered broker-dealer marketplace that lets accredited investors buy exposure to pre-IPO companies like SpaceX, OpenAI, and Stripe through single-purpose vehicles, with...

    Jeff Barnes, MBA··10 min read
    137 Ventures Just Raised $700 Million to Bet Bigger on SpaceX. Here's the Risk Retail Investors Miss
    Venture Capital

    137 Ventures Just Raised $700 Million to Bet Bigger on SpaceX. Here's the Risk Retail Investors Miss

    137 Ventures just closed more than $700 million across two new funds , pushing its total assets under management past $15 billion. The firm now owns over 1% of SpaceX, a position founder Justin...

    Jeff Barnes, MBA··10 min read
    Linqto Review 2026: What Happened
    Capital Raising

    Linqto Review 2026: What Happened

    TL;DR: Linqto marketed itself as the easy way to own SpaceX, Ripple, and Anthropic before they went public. In March 2025 it froze customer redemptions, an internal probe found that many customers

    Jeff Barnes, MBA··14 min read
    Nasdaq Private Market (NPM) Review 2026: Infrastructure, Not a Marketplace
    Capital Raising

    Nasdaq Private Market (NPM) Review 2026: Infrastructure, Not a Marketplace

    TL;DR: Nasdaq Private Market (NPM) is not a marketplace you browse for pre-IPO stock. It is tender-offer infrastructure that companies hire to run their own liquidity programs, and NPM says it

    Jeff Barnes, MBA··12 min read
    Forge Global Review 2026: What Pre-IPO Secondaries Actually Cost You
    Capital Raising

    Forge Global Review 2026: What Pre-IPO Secondaries Actually Cost You

    TL;DR: Forge Global is the largest independent marketplace for trading shares in companies that have not gone public yet. Think pre-IPO stakes in the SpaceXs and Stripes of the world, bought and sold

    Jeff Barnes, MBA··11 min read