
Nelson Chu, Founder and CEO of Percent - Powering the Future of Private Markets
Wharton FinTech Podcast
00:00
Venture Debt and Amazon Credit Default Swap Protection
We have a lot of different asset classes that we're looking to go into over the next call it three to four to five years. We thought venture capital on the equity side would start to dry up, in which case venture debt would be the most valuable product on the market right now. There's definitely demand for it from underwriters who are recognized the need to be able to help their portfolio companies. When it comes to onsen, it's essentially a credit default swap for private credit markets, which doesn't really exist,. leveraging some of the best of DeFi and tradfi, word tradfi, to be can do it.
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