secondarymarket on Hacker News
I'm curious if anyone has done it without by using a private contract between buyer/seller (google: forward contracts).
Worried about getting (or even asking for) board approval - what incentive would they have to allow an employee to reduce their stake in the companies success prior to an IPO event?
My main concern is around requiring board approval. There isn't any formal policy for employees seeking liquidity, and I'm not sure the board will be receptive.
I mean, what incentive would they have to allow employees to sell their shares before an IPO/exit event?
Wanted to hear about experiences from employees who have RSUs/options in a private company and whether they were able to sell their shares on the secondary market?Were you able to sell? What platform did you use? Were you able to sell w/o board approval? If so, were you able to use private forward contracts to complete a deal?Anything you can tell me about the experience would be much appreciated!