Draper helps take companies "prublic"

[By David Lawsky and Anupreeta Das]

"It's an opportunity for an entrepreneur to get a little bit of liquidity and ... for a venture capitalist to either show that these companies have some real value to them or to sell some."

Venture capitalists invest in fledgling companies and hope to make a return several times that investment by taking the company public or selling it to a larger competitor.

There are 85 companies that have had to pull their initial public offerings because of inhospitable markets, Draper said. He said 200 start-up companies of the "highest quality" are ready to participate in the XChange.

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