It'll be really interesting if stock comp plans start ditching board approval as a requirement to sell exercised shares. If I remember correctly, the invention

It'll be really interesting if stock comp plans start ditching board approval as a requirement to sell exercised shares. If I remember correctly, the invention of SecondMarket is was brought about making that term standard. We're currently in a prolonged startup bull market, with tons of liquidity. I'm sure many VCs, either as a way to buy more or to get in on a hit deal, will use secondaries to increase their position. I wonder what the appetite for companies to allow this behavior in a tighter startup market.