Companies • July 24, 2023, 1:27PM EDT
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Scaramucci offers liquidity lifeline to tech unicorn investors, former employees

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The Block

Quick Take

  • The move could be related to the “Unicorn Recovery Fund” that SkyBridge launched in February of this year.

Anthony Scaramucci, founder of the investment firm SkyBridge, has an offer for tech shareholders that might need some cash.

"We at SkyBridge are buying secondary shares from early investors and former employees of tech unicorns," Scaramucci wrote on Twitter Monday. "If you own shares in a tech unicorn and need liquidity, please DM me and I will connect you with someone on our team."

The move could be related to SkyBridge's $50 million recovery fund launched in February. The "Uniform Recovery Fund" is aiming to acquire shares from distressed investors of up to 15 firms, Reuters first reported. 

SkyBridge did not immediately respond to a request for comment from The Block.

In July of 2022, SkyBridge established a web3-focused investment fund that would offer a mix of traditional venture and growth equity. 


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