High net worth investors are losing value by not seeking out shares of hot pre-IPO technology companies, said Atish Davda, CEO of EquityZen. Davda added that EquityZen offers accredited investors the opportunity to gain exposure to the hottest private technology companies before they are bid up in the public markets. He said EquityZen does not release the names of the companies in its fund to the media because their clients demand discretion, but he said the fund does hold 10 of the 25 so-called WSJ ‘unicorns,’ or venture-backed private companies valued at $1 billion or more. Finally, Davda said EquityZen is always sure to get the approval of the company before approaching its employees.
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