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You should be asking a lawyer, not HN. If you haven't had a priced equity round, you should be able to sell restricted stock at par value (usually a fraction o
by slap_shot 6y ago
You should be asking a lawyer, not HN.
If you haven't had a priced equity round, you should be able to sell restricted stock at par value (usually a fraction of a penny). Especially if your _upcoming_ round is a mere 5 million, the business today is probably basically worthless.
- throwaw87 6y agoThanks, good advice! Wanted to see if there were any options in advance, since it's hard to research online.