Scaramucci offers liquidity lifeline to tech unicorn investors, former employees

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. 


© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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