Good News for People Who Love Unfairness

Don’t let that post title fool you, I think it’s great and totally American that we now have two stock markets – one for the venture capitalist bourgeoisie and one for you and I and everyone else.  That way, our stupid securities regulations – which are beneath contempt for the Silicon Set – don’t get in the technocrats’ way.

Here’s Bloomberg on that OTHER stock market that your dull little company can’t raise capital on:

Trading of privately held companies such as Facebook Inc. is likely to surge 51 percent to almost $7 billion this year, drawing new exchanges such as Xpert Financial Inc. and Gate Technologies LLC to vie for commissions.

Xpert and Gate will be competing with SecondMarket Inc. and SharesPost Inc., which gained popularity last year as investors poured billions of dollars into Facebook, Twitter Inc. and Groupon Inc. The value of the transactions may almost triple to $6.9 billion in 2011 from $2.4 billion in 2009, according to Nyppex LLC, a New York research and advisory services firm.

How wonderful!  Billions in stock trades completely gated and immune from our germy hands and prying eyes.  Good luck to the rest of the country’s entrepreneurs competing for capital with that!

Source:

Facebook, Twitter Valuations Fuel Trading Surge to $7 Billion (Bloomberg)

Read Also:

Memo to WSJ DealJournal re: Facebook/Goldman