The core group always gets to ignore the lockup period, so they do cash out at the top. "Early insiders are still fine, of course. Groupon co-founder Eric Lefk

The core group always gets to ignore the lockup period, so they do cash out at the top. "Early insiders are still fine, of course. Groupon co-founder Eric Lefkofsky and his affiliated entities took nearly $400 million off the table well before the IPO." from https://venturebeat.com/2012/06/01/groupon-investors-race-for-the-exits-as-lockup-ends/ https://venturebeat.com/2012/06/01/groupon-investors-race-fo... "The IPO produced billion-dollar windfalls for Mason, Lefkofsky and other early funders, and millions in fees for the Wall Street banks that took it public." from http://business.time.com/2012/04/05/groupon-faces-sec-probe-investor-lawsuit-as-stock-hits-new-low/ http://business.time.com/2012/04/05/groupon-faces-sec-probe-...