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April 15th, 2026

Why Every Hot Startup Does This Before IPO

Is the secondary market slowing down? Not even close. Michael Podolny explains why late-stage companies now treat secondary deals as a key part of their IPO journey—not just a one-off liquidity event. Discover how tender offers became the new normal for IPO-bound startups.

Watch the full episode and subscribe at www.swimmingwithallocators.com.

Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.