5 ms·
Many companies actually prohibit employees from selling shares to third party investors (including investors on marketplaces like EquityZen) without board appro
by Spinosaurus 4y ago
Many companies actually prohibit employees from selling shares to third party investors (including investors on marketplaces like EquityZen) without board approval.
- bogomipz 4y agoSure but usually if they refuse they have to buy them from you at the same price i.e right of first refusal.
- askafriend 4y agoThis is a really fair and important point - I appreciate you bringing it up. I've seen a couple of Stripe secondaries before so I assume that some set of employees are able to transact on the secondary market. However, important disclaimer that not all companies have the same terms - and the terms can change depending on when you were hired. Startup equity isn't absurdly complicated, but it very much is situation-specific which is where the confusion usually comes from.
- spoonjim 4y agoThey could be investor secondary sales which won't have the same restrictions.
- deleted 4y ago[deleted]