The venture capital landscape in the United States has undergone a quiet but profound transformation over the last decade, shifting from a model defined by rapid liquidity events to one that supports companies over multi-decade lifecycles. At the center of this evolution is Jared Carmel, co-founder of Manhattan Venture Partners (MVP), who has spent his career formalizing the secondary market—a sector once viewed as a fringe element of finance, now recognized as a critical pillar of the modern innovation economy....
