Q&A With DFJ’s Tim Draper: Why Private Companies Need a Healthy Secondary Market

Xpert Financial, one of several online marketplaces created for pre-IPO companies like Facebook to raise funds and sell shares prior to going public, is retrenching, VentureWire reported Tuesday, as interest in its business waned following Facebook’s lackluster IPO. Although it still has several assets, most of its staff has moved on.

Meanwhile, Xpert Financial founder Thomas Foley is working on a new software company, CapRally, with help from a couple of Xpert Financial executives, for companies to track new fundraising and investors to track new funds.

Read More at WSJ.com



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Disclosure Quest

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 24, 2026 vs Jan 1, 2025 - Oct 24, 2025

Share this graph
Number of Filings131Prior 126 +4.0%
Target Raise, Total$3.40BPrior $3.54B -3.9%
This YTDYear priorChange
Filings 131 126 +4.0%
Target raise $3.40B $3.54B -3.9%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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