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Startup SecondMarket Gets Lobbying Win in Gridlocked Congress

A seven-year-old firm with a 35-year old chief executive and tiny Washington budget has helped pull off a lobbying victory that’s eluded most of the largest players on Capitol Hill: passing legislation with a bipartisan vote.

SecondMarket Inc., the New-York-based private shares marketplace that has risen to prominence through transactions with Facebook Inc. and Twitter Inc., was at the vanguard of an effort that last week resulted in House passage of a package of bills aimed at easing rules for closely held firms.