Smart Humans: Hiive's Sim Desai

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"The market is anticipating rising IPOs for companies like OpenAI, Databricks, Cerebris, SpaceX, Kraken, and Ripple." - Sim Desai

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Takeaways

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  • Hiive is a marketplace for trading private securities, specifically venture-backed companies.
  • The market for startups is experiencing a rebound largely driven by the excitement around AI.
  • The most exciting sectors in the private market include AI, blockchain technologies, and companies with potential IPO plans. 
  • Hiive is launching the Hiive 50, an equal-weighted index of the 50 most actively traded unicorns in the private market.
  • The future of private market investing may involve diversified funds and other ways for smaller investors to access the asset class.

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Bio

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Sim Desai is the Founder and CEO of Hiive, the first true marketplace for private company stock. Before founding Hiive, Sim spent over a decade at Setter Capital, where he founded and led the firm’s venture capital secondaries team since 2015. He grew this business from a new entrant to VC/unicorn trading to its current position as a major global hub. Sim holds a Bachelor of Science in Biology and Psychology from UBC and a JD/MBA from the University of Toronto.

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Full Transcript

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