4 ms·
Bought uber, airbnb and reddit in 2018 on equidate/forgeglobal. Structured as contracts for future stock from current employees that get transferred to you aft
by blaaaaa99 5y ago
Bought uber, airbnb and reddit in 2018 on equidate/forgeglobal.
Structured as contracts for future stock from current employees that get transferred to you after the ipo (and usually 6 month lockup) are complete.
I got 100% of the uber stock (about 1x return) about 99.8% of the airbnb (about 2.5x return) and depending on if/when reddit ipos (was looking good for 10x a few months back but unlikely now) it will be interesting to see how much of the stock i get if it has gone up massively since initial purchase.
- throwbigdata 5y agoWhy is Reddit unlikely?
- blaaaaa99 5y agoHigh beta growth stocks all pretty much nuked, ipo window closing etc
- boulos 5y ago> it will be interesting to see how much of the stock i get if it has gone up massively since initial purchase. You mean from the employees backing out somehow?
- teej 5y agoThe employee got cash already. Not sure they can simply “back out” without major consequences.
- blaaaaa99 5y agoI think its a somewhat unproven legal structure and i dont think it has been tested with really spectacularly performing stocks. If you sold rights to your stock for a million 5 years ago and now it is worth 15 million and still in your possession, it would be tempting to sell it asap and move to brazil and let the lawyers come and find you.