"The market is anticipating rising IPOs for companies like OpenAI, Databricks, Cerebris, SpaceX, Kraken, and Ripple." - Sim Desai
Takeaways
- Hiive is a marketplace for trading private securities, specifically venture-backed companies.
- The market for startups is experiencing a rebound largely driven by the excitement around AI.
- The most exciting sectors in the private market include AI, blockchain technologies, and companies with potential IPO plans.
- Hiive is launching the Hiive 50, an equal-weighted index of the 50 most actively traded unicorns in the private market.
- The future of private market investing may involve diversified funds and other ways for smaller investors to access the asset class.
Bio
Sim Desai is the Founder and CEO of Hiive, the first true marketplace for private company stock. Before founding Hiive, Sim spent over a decade at Setter Capital, where he founded and led the firm’s venture capital secondaries team since 2015. He grew this business from a new entrant to VC/unicorn trading to its current position as a major global hub. Sim holds a Bachelor of Science in Biology and Psychology from UBC and a JD/MBA from the University of Toronto.
