Barry Silbert (SecondMarket, Inc.) - A New Vision for Capital Markets

Entrepreneurial Thought Leaders (ETL)

Stanford eCorner

Journey, Startups, Education, Stanford, Culture, Strategy, Stanford University, Entrepreneurship, Business, Life Lessons, Thought Leadership, Creativity, Etl, Challenges, Leadership, Innovation, Founders

4.4 • 739 Ratings

🗓️ 13 April 2011

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

SecondMarket Founder and CEO Barry Silbert thinks his online marketplace for trading alternative assets can play an important role in creating a new model for capital markets. In this lecture, Silbert explains his personal path into entrepreneurship and describes the current growth of his firm, which has drawn attention for trading private stock in companies such as Facebook and Twitter. Silbert also offers reasons for why he thinks current public markets are broken and his vision of a new way forward.

Transcript

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0:00.0	You are listening to the DFJ Entrepreneurial Thought Leaders series, brought you weekly by the Stanford Technology Ventures Program.
0:10.0	You can find podcasts and videos of these lectures online at eChorner.standford.edu.
0:16.0	So I'm pleased to introduce today's speaker who has come all the way out here from New York City.
0:23.6	Barry Silbert is the founder and CEO of Second Market, which he founded in 2004.
0:28.6	It is arguably the world's largest marketplace for buying and selling alternative financial assets,
0:35.6	and we'll let him define that for you if that's new to you.
0:38.3	But that essentially includes private company stock and what makes this so exciting is
0:44.3	he's been, he and his company have been in the Wall Street Journal and similar types of press
0:51.3	a good bit over the last year because of Facebook and Zenga and Twitter and
0:57.6	some others but essentially Facebook so he's been recognized as a terrific
1:02.9	entrepreneur with all sorts of awards you went to a college in my hometown which
1:07.1	I admire a great deal Emory University have you heard of that is a wonderful
1:10.5	school in Georgia but without further ado let me let him explain to you, which is really
1:15.6	a hot, hot topic right now, and we're so happy to have them at Stanford. Welcome, Barry.
1:24.2	Hello, everybody. So it is really great to be here. One, you know, as a first-time
1:34.4	entrepreneur, I looked at everybody who has done this before and it really is humbling to be
1:39.6	in the same group of entrepreneurs and speakers. So what I'm going to do today is tell you
1:47.0	how to turn an Excel spreadsheet into a $150 million business.
1:53.0	So I had like three people so far tell me that this is like a fun crowd.
1:56.0	Is this a fun crowd?
1:57.0	You guys?
1:58.0	You guys?
	...

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