Feb 20, 2026

by

Tomasz Tunguz

Secondaries Now Rival IPOs and M&A as a VC Exit Channel

Secondary volume hit $95B but liquidity stays confined to top 20

Murph capital is a new media, research and community for emerging vc fund managers

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© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.

Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.

Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.

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