CTalk
Israeli secondary market platform Elephant expands liquidity solutions
Co-Founder and CEO Chaim Schiff spoke to CTech about the platform’s plans for companies and investors.
Elephant Co-Founder and CEO Chaim Schiff
(Photo: Tomariko - Live Focus)
At Calcalist and Bank Leumi’s Mind the Tech conference in New York, Elephant Co-Founder and CEO Chaim Schiff discussed the growing demand for secondary market transactions and the company’s expanding role in facilitating liquidity solutions for Israeli tech employees and investors.
“Elephant is an Israeli-owned global secondary market platform,” he explained. “It's a marketplace where we introduce shareholders, especially employees, ex-employees, early investors, founders, and late-stage growth companies looking for liquidity solutions for their shareholders.”
Schiff was speaking to CTech at Calcalist and Bank Leumi’s Mind The Tech conference in New York. He claimed that the demand for secondary transactions has surged, particularly in Israel. “If we started 10 years ago, there were 40 unicorns in the world. Now we're talking about over 1000,” Schiff said. He attributed the trend to companies staying private for longer, leading to a greater need for liquidity before IPOs.
At the conference, he announced that Elephant has launched liquidity programs tailored for Israeli high-tech firms inspired by similar initiatives in the U.S. “The idea is that companies want to give liquidity to their employees but in a controlled manner,” he said. “Instead of employees shopping around their shares, the company takes control over the process and does it in a way that helps them.”
You can learn more about the process in the video above.
