![]() We’ve been able to remove major pain points to accessing this market and through doing so, have processed over 11,000 private placements in over 200 late-stage private companies, including over half of the top U.S. How have you seen pre-IPO investing evolve?Īt EquityZen, we’ve been really proud to make the pre-IPO research and investment process seamless for our clients. At EquityZen we’ve aimed to solve these problems by creating efficient investment processes and offering compelling and flexible investment options at scale. Also, advisors have been offered a “one size fits all” model that doesn’t account for the specific structuring and diversification needs of their clients. The process to make direct investments has been time-intensive, inefficient, and difficult to manage. Historically, private markets have been very opaque with high barriers to entry and inflexible investment structures. What are some of the biggest challenges for investors and advisors in the pre-IPO market? It’s been rewarding to see how this message has resonated with Addepar’s clients. EquityZen aims to make pre-IPO investments accessible to all accredited investors who see the value in private market investments and want to participate in that growth - so partnering with wealth advisors and families on the Addepar platform was a natural fit. We’re excited to work with Addepar to broaden access to pre-IPO investments for family offices and RIAs on the new Marketplace. Creating private market access for both investors and shareholders has been our goal since the beginning. Ultimately, public market investors were missing out on this value, driving their need to tap the pre-IPO market. These Unicorns represent a tremendous amount of value locked up in the pre-IPO market. Over 475 companies globally have a private-market valuation above $1 billion. Companies were staying private longer than ever before (13 years on average) and creating a lot of value in the private markets. My fellow founders and I started EquityZen when we saw a need for greater access to the pre-IPO market. Tell us a little about your company and how you partner with Addepar/Acervus Securities… We sat down with him to find out more about EquityZen and why now is an opportunistic time for private market investing. From Facebook’s pre-IPO days and the “wild west” of liquidity, to Spotify and Slack’s direct listings, Haslett has been on the front lines of the pre-IPO market as it has evolved (and grown) over the past seven years. As Chief Revenue Officer, he’s responsible for strategic growth initiatives, including EquityZen’s recent partnership with Addepar to display investment opportunities in its new Marketplace*, which helps provide pre-IPO investment access to a growing group of RIAs and family offices. Phil Haslett has been working to make private markets accessible since he co-founded EquityZen in 2013.
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