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Re:Silicon Valley's best kept secret: Founder liquidity by colordrops on Wednesday June 12, 2024 @03:07AM (#40655416)
I often hear about these SEC rules that explain why individual contributors get fucked, as if that's a good excuse. Either the requirements and disclosures should be fulfilled and more than 10 sellers allowed, or the rules should change, or both.
Re:Silicon Valley's best kept secret: Founder liquidity by llamaimperative on Wednesday June 12, 2024 @06:24AM (#40656480)
It sounds like they could’ve fulfilled the requirements and had more than 10 sellers but chose not to.
Re:Silicon Valley's best kept secret: Founder liquidity by Finbarr on Wednesday June 12, 2024 @09:59AM (#40658240)
I didn’t comment on whether it was a good reason or not. My comment was just highlighting some of the complexities in what the blog author was hoping to achieve.