# Wall Street's Dirty Secret: Who Really Gets IPO Shares

Page: https://stenobird.com/podcast/invst-guru-7102712/wall-street-s-dirty-secret-who-really-gets-ipo-shares
Text version: https://stenobird.com/podcast/invst-guru-7102712/wall-street-s-dirty-secret-who-really-gets-ipo-shares.md
Podcast: [Invst Guru](https://stenobird.com/podcast/invst-guru-7102712)
Published: 2026-04-10T10:00:00+00:00
Episode link: https://invst.guru/
Audio file: https://sphinx.acast.com/p/open/s/673b8adb0f9780339ef0cb02/e/69d6be7a086c93c18bcb8e8d/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/invst-guru-7102712/episodes/wall-street-s-dirty-secret-who-really-gets-ipo-shares
Duration seconds: 1559

## Resource

The IPO market is rigged — and a 30-year Wall Street veteran is doing something about it. Matt Venturi, co-founder of ClearingBid, joins Fuzzy on the Invst Guru podcast to break down why everyday investors are systematically locked out of IPO pricing, how a patented Dutch auction algorithm creates a true level playing field, and what it would take to completely democratize public markets for retail investors. Matt has worked across Merrill Lynch, Salomon Smith Barney, and Houlihan Lokey — and he's channeling that experience into a platform that's already attracted 3,700+ crowdfunding investors and Congressional support from figures like Senator Chris Dodd. If you've ever watched a stock pop 50% on IPO day and wondered why you couldn't get in at the original price — this episode is for you. 🔗 Learn more: clearingbid.com 💰 Invest in ClearingBid: wefunder.com/clearingbid CHAPTERS 0:00 — Intro & Matt's 90-second pitch 1:40 — The aha moment: why the IPO process is broken 3:02 — How the Dutch auction model works for everyday investors 4:03 — ClearingBid's 10 patents and the algorithm explained 5:11 — "Deals are sold, not bought" — the broker dealer role 6:23 — How middle market firms benefit from ClearingBid 7:45 — The five constituents ClearingBid must educate and align 9:25 — How Wall Street's infrastructure got so antiquated 10:43 — ClearingBid's fundraising journey: from friends & family to Wefunder 12:32 — Go-to-market strategy and the challenge of a five-sided market 14:19 — Capitol Hill meetings, Senator Dodd, and SEC alignment 16:14 — Reg A+ cap raised to $150M — what it means for companies 18:39 — What 3,700 first-round investors said about ClearingBid 20:07 — How ClearingBid makes money (the revenue model) 21:41 — Next milestones: first deal, debt markets,…

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