Private credit is booming—surpassing $1.7T in AUM and outperforming public markets in recent years. Traditionally reserved for later-stage companies, it's now quietly entering the startup playbook. In this piece, we explore whether early-stage startups—especially lean, revenue-generating ones—can tap into private credit as a flexible, non-dilutive alternative to venture debt.
Secondaries used to be a quiet corner of venture, but lately they’ve taken center stage. At Behind Genius, we decided to go deep on this piece to more deeply understand the 2025 and beyond secondaries market & explain it to those that may also be curious.