That’s according to Solomon Tesfaye, the vice president of business development and capital markets at
tZero Group Inc, a subsidiary of Medici Ventures, the venture capital arm of
Overstock.com Inc (NASDAQ:OSTK).
After spending a career in investment banking, venture capital, and operations within the industrials, technology and health care industry, Tesfaye told Benzinga he joined tZero to bring high-quality assets onto the firm’s private secondary market platform and to form strategic partnerships.
Liquidity Is Key: Liquidity is the core differentiator between public and private assets, Tesfaye said.
“Two times more capital is deployed in the private market space as opposed to the public markets but there’s 330 times more liquidity in the public space.”
A massive delta exists between public and private assets.
That’s according to Solomon Tesfaye, the vice president of business development and capital markets at tZero Group Inc, a subsidiary of Medici Ventures, the venture capital arm of Overstock.com Inc.
After spending a career in investment banking, venture capital, and operations within the technology and health care industry, Tesfaye told Benzinga he joined tZero to bring high-quality assets onto the firm’s private secondary market platform and to form strategic partnerships.
“Really, at tZero, we’re digitizing all or a subset of the equity in a particular asset, and allowing that to trade on our platform,” Tesfaye said.