Summary:

New York-based SecondMarket Thursday announced that the company was adding former U.S. Congressman Scott Murphy to its board of directors. Murphy, an entrepreneur, was previously managing director at Advantage Capital, a venture capital and small business financing firm.

Scott Murphy, an entrepreneur, venture capitalist and former U.S. Congressman (D-NY) is joining the board of New York-based SecondMarket.

The company, which arranges secondary sales of shares in privately-held companies, said in a statement Thursday that Murphy’s background in finance and public policy will be valuable to SecondMarket’s business and policy efforts.

“Scott’s public service and entrepreneurial experiences provide him with unparalleled insight into our various business segments,” SecondMarket Founder and CEO Barry Silbert said in a statement. “He will be a tremendous addition to the SecondMarket team and we look forward to his leadership and support in the coming years.”

Murphy represented New York’s 20th Congressional District from 2009 to 2011. Prior to that he founded and worked at several companies and was a managing director at Advantage Capital, a venture capital and small business financing firm.

“When I first met Barry, I was struck by the uncanny parallels between my professional background and the company’s business segments,” Murphy said in a statement. “As I learned more about the company, its vision and management team, I became increasingly intrigued by the prospect of joining the SecondMarket board.  I believe I can provide a unique perspective on a number of business and policy initiatives.”

(Image by United States Congress via Wikimedia Commons)

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