VCs as Portfolio Curators: Democratizing Access to Private Markets

Over the past 20 years, capital flows have shifted dramatically from public markets to private markets. In 2000, there were just over half a trillion dollars in private capital. By the end of 2020, private markets had ballooned to more than $7.4 trillion in value.

Graph published on https://future.a16z.com/liquidity-private-market-exchanges/

Private markets have, for the most part, outperformed public market investments in…