OpenVC has launched the NYSE OpenVC 500 Index, a new benchmark that bridges major U.S. public companies with large venture-backed firms that still trade privately.
The company says the goal is to give investors a broader way to track where corporate value sits as more high-profile startups delay going public.
“If you’re benchmarking U.S. equity market performance based solely on the performance of publicly-listed companies, you’re missing a huge piece of the puzzle,” said David Shapiro, co-founder and CEO of OpenVC.
“In fact, the two largest private venture-backed companies in the U.S. today are each valued at more than $850 billion, which would place them comfortably on the list of the 15 largest companies in the NYSE U.S. 500,” Shapiro added. “Add the fact that private companies are pioneering so much of the innovation taking place in artificial intelligence and other areas of the tech sector, and it’s no wonder investors have been demanding greater transparency to the full picture of the U.S. equity market, something we’re very excited to finally be providing them with …
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