Ravi Viswanathan Facing a Liquidity Crisis, Venture Must Move Past the ‘IPO or Bust’ Mentality Direct venture secondaries bring in new investors with the expertise and networks to get companies that are no longer startups to the next stage. Ravi Viswanathan April 3, 2025 Red colored sphere searching a way out inside a blue maze. Solution concept. MicroStockHub/Getty Images