Fintech

Nov 26, 2025

Goldman Sachs paid $965M for a secondary market firm. Here's why Wall Street is betting IPOs won't come back.

When the smartest money bets against traditional exits, infrastructure wins. Today's clue - follow the pipes.

Nov 24, 2025

How Stripe solved the liquidity crisis with a 32% valuation haircut

What breaks the VC liquidity logjam first? Today: Why manufactured liquidity beats waiting for perfect exits.