"The only question is when you pay your taxes " This is a huge difference though. Either you pay taxes 'pre IPO' or 'post IPO' - obviously it's a big deal. M

"The only question is when you pay your taxes " This is a huge difference though. Either you pay taxes 'pre IPO' or 'post IPO' - obviously it's a big deal. Many people cannot afford to pay the taxes before a liquidity event.