📶 missing the point on secondary narratives

Getting in vs. getting out of positions, pre or post-fall and the idea of hitting bottom, plus Redpoint and Work-Bench raise massive new funds

May 20, 2025 • Estimated Reading Time: 9 minutes

Good morning 👋

We’ve written a lot about secondaries lately - to the point where we’re asking ourselves:

Are we thinking about this the right way?

Luckily, Yoni from Slow wrote a piece that challenges some of our initial assumptions and made us start looking at some things differently.

Here’s what he thinks is missing from a lot of the secondaries discussion …

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