Facebook, LinkedIn, Tesla Motors, Zynga, Twitter. Say you want to buy some shares of these hot private companies. Or you maybe you were smart (or lucky) enough to be part of the founding team of one of these winners, and you're ready to sell some stock. Either way, this used to be a really difficult or impossible task.
Then along came SecondMarket, "the marketplace for illiquid assets." SecondMarket is like eBay, Nasdaq, and Goldman Sachs all rolled into one. The highly-successful company, backed by prominent US and Asian investors, brings together buyers and sellers and facilitates transactions not only for private company stock, but also for limited partnership interests, asset-backed securities, and other alternative assets.
When it's time to close these multi-million dollar deals, SecondMarket relies on RightSignature for its legally-binding contracts. Naturally, the parties to these transactions are typically sophisticated professionals, and RightSignature's elegant user interface supports SecondMarket's cutting-edge reputation.
Today, The Business Insider published a story about how SecondMarket works, with some mysterious screenshots of how contracts are executed using RightSignature. SecondMarket has also become the go-to source for current valuations of private tech companies, as they have the most up-to-date transaction data. Keep an eye on TechCrunch, which publishes these monthly reports with plenty of juicy details about just how fast Facebook stock is soaring.
Rest assured, whether your business contracts are worth $1,000 or $1 million, RightSignature's authentication, security, and compliance features create robust, legally-defensible contracts. And RightSignature makes you look more professional in the process.