Basically, it's a market where investors that own shares in private companies can get cash for those shares from other private investors without taking their company public and being subject to all the bureaucratic rules that apply to public companies.
In theory, you could also do this by simply trying to find an outside investor yourself, but the hope is that by creating a market, it will be a more efficient process.
Basically, it's a market where investors that own shares in private companies can get cash for those shares from other private investors without taking their company public and being subject to all the bureaucratic rules that apply to public companies.
In theory, you could also do this by simply trying to find an outside investor yourself, but the hope is that by creating a market, it will be a more efficient process.