/Tech21h ago

Brad Gerstner and Chamath Palihapitiya argue secondary stock markets are emerging as viable alternatives to traditional tech IPOs

The discussion focused on SPVs and the Forge-Schwab partnership.

2035122248121.6K

#52

Original post

Chamath Palihapitiya#41

The All-In Podcast@theallinpod

LIQUIDITY: Inside the Private Stock Market Boom

Brad Gerstner (@altcap), Gavin Baker (@GavinSBaker), and Kelly Rodriques (@Forge_Global) join @Jason and @chamath to discuss the secondary market gold rush.

(0:00) Brad Gerstner, Gavin Baker, and Kelly Rodriques join the Besties!

(0:47) Secondary Markets are Booming & Competing with IPOs

(3:10) Why Companies are Staying Private So Long?

(9:22) SPVs, the Forge-Schwab Deal, Democratizing Private Market Access

(13:28) Secondary Markets as Exit Liquidity

(27:00) The Private Market Bubble?

(32:03) Hottest Secondary Companies Right Now

Thanks to our partners for making this possible!

EY (@EYnews) - Agentic AI is introducing a new investment discipline. As AI shifts to consumption-based models, EY connects spend to enterprise value. https://www.ey.com/en_us/insights/ai/agentic-ai-token-costs?WT.mc_id=3501318&AA.tsrc=sponsorship

NYSE (@NYSE) - Thank you to our partner, the New York Stock Exchange - a modern marketplace and exchange for building the future. It all happens at the NYSE. https://www.nyse.com

Plaud (@PLAUDAI) - Never miss a moment. Plaud, our official wearable AI note-taking partner at All-In Liquidity Summit, captured every insight. https://www.plaud.ai

11:36 AM · Jun 7, 2026 · 90.5K Views

/Tech21h ago

Brad Gerstner and Chamath Palihapitiya argue secondary stock markets are emerging as viable alternatives to traditional tech IPOs

The discussion focused on SPVs and the Forge-Schwab partnership.

2035122248121.6K

#52

Original post

Chamath Palihapitiya#41

The All-In Podcast@theallinpod

LIQUIDITY: Inside the Private Stock Market Boom

Brad Gerstner (@altcap), Gavin Baker (@GavinSBaker), and Kelly Rodriques (@Forge_Global) join @Jason and @chamath to discuss the secondary market gold rush.

(0:00) Brad Gerstner, Gavin Baker, and Kelly Rodriques join the Besties!

(0:47) Secondary Markets are Booming & Competing with IPOs

(3:10) Why Companies are Staying Private So Long?

(9:22) SPVs, the Forge-Schwab Deal, Democratizing Private Market Access

(13:28) Secondary Markets as Exit Liquidity

(27:00) The Private Market Bubble?

(32:03) Hottest Secondary Companies Right Now

Thanks to our partners for making this possible!

NYSE (@NYSE) - Thank you to our partner, the New York Stock Exchange - a modern marketplace and exchange for building the future. It all happens at the NYSE. https://www.nyse.com

Plaud (@PLAUDAI) - Never miss a moment. Plaud, our official wearable AI note-taking partner at All-In Liquidity Summit, captured every insight. https://www.plaud.ai

11:36 AM · Jun 7, 2026 · 90.5K Views

Sentiment

Many users praised podcasts on the secondary markets boom for private tech stocks as insightful or exciting content, while some criticized the guests as boring establishment figures or used insults.

Pos

67.5%

Neg

32.5%

9 comments with sentiment.

Cluster Engagement

Posts from X

Most Activity

VIEWS31.7KBOOKMARKS48LIKES95RETWEETS7REPLIES7

@jason@Jason

Another banger from @liquiditypod

17h31.7K9548

Matt Manuel@mattmanuelTO

@theallinpod @chamath @altcap @GavinSBaker @Forge_Global @Jason @grok can you sum up this video in one paragraph?

15h491

Angela@LatitudeAlpha

@theallinpod @chamath @altcap @GavinSBaker @Forge_Global @Jason The secondary market boom proves one thing- scarcity of the right asset at the right moment commands a premium no liquidity mechanism can manufacture.

20h118

拿幸TV⚡@Cyberzks

@theallinpod @altcap @GavinSBaker @Forge_Global @Jason @chamath Exactly right. Stock exchanges monitoring impact.

20h82

Levi@Levi_Researcher

@Jason @liquiditypod always dropping heaters huh

16h64

Jake Fleshner@JakeFleshner

@Jason @liquiditypod Best one yet

16h57

SideKick360@sidekick3601

@Jason @liquiditypod Get better guests. Congratulations on huge names, but these people are establishment, status quo boring people who will resist the change. We want to hear from innovators and disruptors.

15h52

D.O.G.E@35TRILLION_DEBT

@Jason @liquiditypod 1 family of 4, illegal immigrate cost $12,000 a month, a year cost $144,000 for their family. 4 years cost $576,000.

How many years, an Americans working $576,000 for mortgage?

Illegal immigrate spending TAXPAYER DOLLARS $576,000 for living in 4 years.

15h41

FatDon Capital@FatDon420

@theallinpod @altcap @GavinSBaker @Forge_Global @Jason @chamath More Bangers?!?! LFG!!!

@altcap & @GavinSBaker cooking together!!! Yuge!! 👐

You love to see it!!

I am not as familiar with @Forge_Global but I am sure he is an elite operator no doubt if he is with speaking on this panel!!

15h25

Manuel Sampedro@manuelsampedrop

The secondary boom is what it looks like when both sides of the bubble debate are right: infra spend can be rational AND most application-layer startups can be worthless. 1999 had Amazon and http://Pets.com in the same index. The whole skill is telling which company is which.

16h22

Daniel Birker@DBirker78883

@theallinpod @chamath @altcap @GavinSBaker @Forge_Global @Jason Interesting panels make me wonder how regular folks might access these markets. Seems complex but the returns look attractive from the outside.

18h21

GenAI Level Up@GenAI_Level_UP

We’re witnessing a massive shift in wealth creation. When titans like SpaceX stay private for over two decades, the 100x gains happen long before the IPO. Secondaries are officially the new IPOs. 🚀 Democratizing access is the right move, but here’s the trillion-dollar question: How do we build systems that ensure retail investors aren't just becoming exit liquidity for early VCs?

https://allin-breakdown.com/documents/92b9a533-494f-4b4b-b8f6-dc55024f4366/the-ipo-comeback-why-tech-giants-are-finally-going-public-all-in-liquidity-ipo-panel

12h19

Grok@grok

In this All-In Podcast discussion, Brad Gerstner, Gavin Baker, and Kelly Rodriques explore the booming secondary private markets that now rival traditional IPOs. Companies stay private longer thanks to abundant capital, lighter regulation, and founder control. They highlight SPVs and the Forge-Schwab partnership democratizing access for retail investors, while secondary liquidity lets employees and early backers exit without waiting for an IPO. The panel debates risks of a private-market bubble from stretched valuations and shares standout companies seeing strong secondary trading interest.

15h12