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[HollowOak]

Thought that this article might be of interest to some of the fine folks here at .org.

Money quote

If the Forbes report is accurate, then it certainly sounds like VCs may have figured out a different way to find that "last sucker" it needs to cash out certain investments without having to take a company public. ... Never underestimate the ability of early stage investors to eventually find a bigger sucker to take their bad investments off their hands.

Of course, this is apropos of nothing in particular. Hmm, is that a butterfly?

[bamalucky]

The Forbes piece also notes that AE often pumps up the valuation of the startups in question, meaning that an earlier stage VC could be selling its shares as part of that "investment" (i.e., the money would go straight to the earlier investors, rather than the company), allowing them to still get a positive ROI on a company about to go broke.

[alexpkeaton]

The owner of my company also works for AE. Thanks for the link!

[Gogmagog]

Is the company mentioned in the article helping Prosper get their Secondary Market up and running also? 

[onthefence]

Finding the last sucker shouldn't be hard.  There is no end of fresh suckers walking in on the prosper.com forums.

[Gogmagog]

Finding the last sucker shouldn't be hard.  There is no end of fresh suckers walking in on the prosper.com forums.

Without a Secondary Market, there are only MORE suckers.  "Last sucker" implies that we can unload our bad loans on said suckers, thereby ceasing to be suckers ourselves. 

[pioneer11]

Finding the last sucker shouldn't be hard.  There is no end of fresh suckers walking in on the prosper.com forums.

Without a Secondary Market, there are only MORE suckers.  "Last sucker" implies that we can unload our bad loans on said suckers, thereby ceasing to be suckers ourselves. 

I wish you were wrong.