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 and community that connects emerging vCs with lp allocators

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© All Rights Reserved.
Murph Capital Digital, LLC. 2026.

Murph capital is a new MEDIA and community that connects emerging vCs with lp allocators

PROUDLY BUILD IN USA

HANDCRAFTED by:

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.

Murph capital is a new MEDIA and community that connects emerging vCs with lp allocators

PROUDLY BUILD IN USA

HANDCRAFTED by:

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.