FinovateSpring 2009 / SecondMarket
Presenter Profile:
How they describe themselves: Founded in 2004, New York-based SecondMarket, Inc. (Member FINRA | MSRB | SIPC) is the largest centralized marketplace for illiquid assets, such as auction-rate securities, bankruptcy claims, collateralized debt obligations, limited partnership interests, mortgage-backed securities, private company stock, restricted securities in public companies and whole loans. SecondMarket’s online trading platform has 3,000 participants, including global financial institutions, hedge funds, private equity firms, mutual funds, corporations, and other institutional and accredited investors that collectively manage over $1 trillion in assets available for investment.
What they think makes them better: SecondMarket is the first vertically integrated platform for the trading of illiquid assets – where buyers, sellers and information regarding a variety of illiquid securities are aggregated and organized into a centralized system where participants can leverage actionable data to make informed investment decisions on otherwise untradeable assets.
Contacts:
Bus. Dev.: Sam Hodges, VP Bus.Dev., shodges@SecondMarket.com, 212-668-6675
Sales: Paul McCabe, VP, pmccabe@secondmarket.com, 212-668-3912
Press: Paul Kelash, pkelash@webershandwick.com, 212-445-8000
Website: www.SecondMarket.com
HQ Location: New York, New York
Company Founded: April 2004
Product Being Demoed: Online Trading Platform for Illiquid Assets
Product Launched: February 2009 (v. 2.0)
Metrics: $4.15M raised, 70 employees, $20M in 2008 revenue, 3,000 participants, 6,415 unique visitors/month, 300+ transactions in Q1 2009
- Key Executives
Barry Silbert (CEO), Jeremy Smith (CSO), John-Paul Teutonico (CAO), Stuart Donovan (CTO), Bill Seidman (Senior Advisor), Market Heads: Adam Oliveri, Philip Reicherz, Chris Chakford, Kevin O’Connor, Jeffrey Bollerman, Adrian Radulescu, Christopher Moon, Elton Wells, and Mark Murphy
Key Stats
- Key Board Members
William L. Seidman, Former Chairman of FDIC Customers: Global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors
- Key Advisory Board Members
William L. Seidman, Former Chairman of FDIC Customers: Global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors
- Key Investors
William L. Seidman, Former Chairman of FDIC Customers: Global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors
- Key Partnerships
Square 1 Bank, Pluris Valuation Advisors, CreditFlux, Structured Credit Investor, 1010 Data, VC Experts, Inc. – Private Equity Data Center, Crystal Research Associates, ABSnet, Oppenheimer & Co., Wachovia Capital Markets, Gunn Allen Financial Corp., Deutsche Bank, Wells Fargo Investments, Credit Suisse Capital
- Key Customers
William L. Seidman, Former Chairman of FDIC Customers: Global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors