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Jared Carmel
Founder and general partner at Manhattan Venture Partners. Has been involved in the secondary market since 2009 and focuses on institutionalizing the asset class.
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Apr 30, 2025
• 25min
The rise of retail investors in secondaries, and why delayed IPOs will become the norm
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Jared Carmel, the founder of Manhattan Venture Partners and a veteran in the secondary market since 2009, discusses the transformative rise of retail investors in secondary markets. He highlights how platforms like EquityZen are democratizing access to private shares, raising questions about risk versus opportunity. Carmel believes this shift is a 'once-in-a-generation opportunity' that could delay IPOs, serving as a 'pressure relief valve' for startups. He also examines how this changing landscape creates a flywheel effect for venture capital.
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