Technology
Turbine, which allows LPs to borrow funds secured by their position in venture funds, emerges from stealth with a $13M Series A and an $8.75M seed (Marina Temkin/TechCrunch)
Marina Temkin / TechCrunch:
Turbine, which allows LPs to borrow funds secured by their position in venture funds, emerges from stealth with a $13M Series A and an $8.75M seed — Since IPOs slowed to trickle a few years ago, limited partners who invest in venture capital funds have had one giant problem: a dearth of liquidity.
