Buckle up. It’s time to discuss one of the most thrilling documents in the startup world: The cap table. I mean, come on: It’s all in there—shareholders, types of shares, dilution.

Adena Friedman, president and chief executive of Nasdaq, says the firm sees a huge opportunity from spinning out Nasdaq Private Market into a joint venture with a group of banks to accelerate investment and development of….

Wall Street firms such as Goldman Sachs, JPMorgan and Morgan Stanley are muscling in on the booming market for private share trading – and potentially disrupting existing technology platforms.

With strategic investments from Nasdaq, Silicon Valley Bank, Citi, Goldman Sachs and Morgan Stanley, Nasdaq Private Market will become a standalone, independent company to build a leading platform for private company stock transactions.

For many startup employees, it often seems like the only options for liquidating their shares and receiving a payout for their equity in a company is to wait for it to go public or be acquired.