A recent filing shows Pelosi and her venture capitalist husband Paul Pelosi took a $1 million to $5 million stake in data services and artificial intelligence company Databricks. The investment was done using the secondary markets platform from Forge Investments according to the filing shared by CongressTrading on X.
A new Chief Product Officer and Commercial Officer was appointed at Forge Global Holdings to advance the financial exchange global business efforts. Before being appointed to Forge, James Brookes provided solutions to investors and their intermediaries to help increase revenue growth.
As liquidity challenges remain for the European VC, Forge Global was mentioned as another platform for the private market of investors.
With the surge in investment toward artificial intelligence companies, IPO watchers are still checking stocks on startup pages such as Forge Global.
“One of the big fear-of-missing-out effects is institutional investors afraid the IPO window is going to reopen, and they won’t be in private” companies beforehand, said Forge Global Holdings Inc.Chief Executive Officer Kelly Rodriques. “We’re in that moment now.”
Buyers and sellers are coming to a consensus on startup valuations, which is the first step to jump-starting the late-stage market.