Re:Silicon Valley's best kept secret: Founder liquidity
by throwaway-blaze on Wednesday June 12, 2024 @12:44AM
(#40654614)
I must be an idiot, I've been a cofounder or first hire in 6 startups (2 successful) over the last 25 years and have literally never been offered secondary during a Seed or Series A or B.
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Re:Silicon Valley's best kept secret: Founder liquidity
by damezumari on Wednesday June 12, 2024 @01:44AM
(#40654930)
It depends a lot on the startup. I have similar number of startup experiences, and only one had early stage secondary sales ( but those were even for non founders ). Mainly money comes from IPO or other exit.
Re:Silicon Valley's best kept secret: Founder liquidity
by askafriend on Wednesday June 12, 2024 @12:49AM
(#40654637)
How has your time in startups panned out? Were those 2 successes worth the failures?
Re:Silicon Valley's best kept secret: Founder liquidity
by throwaway-blaze on Friday June 14, 2024 @09:24PM
(#40686750)
100%. The one thing you get at a bigco is bigness -- you can release a product to potentially millions of customers on day 1. When you call on a possible customer or partner, they return your call immediately because BigCo is on the line.
On the other hand, I can't stand how corporate politics corrupt a product's vision. Even low-level politics like "strategy taxes" are infuriating.
Re:Silicon Valley's best kept secret: Founder liquidity
by xyzzy4747 on Wednesday June 12, 2024 @06:57AM
(#40656647)
You don’t necessarily get offered it, you demand it as a term. If it’s a “hot startup” you pick and choose your investors so if some don’t like it they can walk.
Re:Silicon Valley's best kept secret: Founder liquidity
by jkelleyrtp on Wednesday June 12, 2024 @03:03PM
(#40661709)
Secondaries have become more popular over the past few (5?) years but you need to know to ask.