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Re:“About one-third of Basecamp employees accepted buyouts t... by busterarm on Saturday May 01, 2021 @07:01PM (#27010698)
Equity exists pre-IPO and people/companies sell it. There's even gray markets for trading it.

Being a qualified investor (which you can get to from zero in as little as 4-5 years if you're making FAANG cash) helps a lot.

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