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I would assume it's too late for Twilio, but the next time this happens, there are many companies now that arrange secondary sales where employees can sell some
by joshdickson 10y ago
I would assume it's too late for Twilio, but the next time this happens, there are many companies now that arrange secondary sales where employees can sell some shares so they can use the money to buy a house, car, fund a college education for their child, etc. It is not a liquid investment like a publicly tradable security, but this is a solid option in many cases where you are unlikely to be able to participate in the IPO without connections or a large bank account balance.
- patio11 10y agoSecondary sales will typically be limited to accredited investors, so you'd need either a) $1 million in net worth exclusive of positive equity in your primary residence or b) two years of $250k+ income and the reasonable certainty you'd have it in the following year.