Turo and Instacart could still go public by year-end if market conditions continue to improve, according to sources familiar with the companies who asked not to be named because they weren't authorized to speak publicly on the matter.
"The companies that were on file or were considering going out a little over a year ago, they've pulled, stopped updating, and overwhelmingly have no plans to refile this calendar year," said Deeter, whose investments includeand HashiCorp. "We're 10 months from the real activity picking up," Deeter said, adding that uncertainty around next year's presidential election could lead to further delays.
He said his inbox fills up daily with brokers trying to "schlep little blocks of shares" from employees at late-stage startups. G Squared is one of the venture firms active in buying up employee equity. Larry Aschebrook, the firm's founder and managing director, said about 60% of G Squared's capital goes to secondary purchases, helping companies provide some level of liquidity to staffers.
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