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First you would need a PE exchange for liquidity. Good for startup share liquidity pre-IPO also. Price it at auction, employees chose to take the $$ or they hav
by crb002 7y ago
First you would need a PE exchange for liquidity. Good for startup share liquidity pre-IPO also. Price it at auction, employees chose to take the $$ or they have an immediate IRS basis. Most would sell a fraction to cashflow taxes.
SEC friction on "public" is bad for the economy. Instead of binary we need the reports/accounting under certain standards on a spectrum from fully private to fully public.
- TuringNYC 7y agoSerious question - why does anyone think PE can be disrupted if techies and techie founders have not been able to disrupt our own broken illiquid equity situation? The only answer can think of is (pessimistically) that the system is broken because it is profitable (to some) to keep it broken for many others. PE wields far more influence Than pre IPO tech equity so I definitely don’t see that being disrupted first.