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people with lower liquidity preference (from earlier rounds or common share holders) usually have some opportunities to exit in secondary markets at each of the
by naveen99 8y ago
people with lower liquidity preference (from earlier rounds or common share holders) usually have some opportunities to exit in secondary markets at each of these funding events.
- qeternity 8y agoThey do, but it's typically relatively small when companies need cash, since any secondary market transactions don't result in net equity issuance.