Executives are incentivised to liquidate as soon as possible because unrealised gains in a startup are very risky. Executives are disincentivised from allowing

Executives are incentivised to liquidate as soon as possible because unrealised gains in a startup are very risky. Executives are disincentivised from allowing employees to liquidate because the illiquid nature of the stock is a large part of what keeps the employees working at the company. This happened in 2021, anyone will buy anything when the market is doing well. DataRobot is doing badly by 2022 standards, by 2021 standards it was a great investment simply by virtue of being an investment — it’s hard to overstate how absolutely batshit the private market was in 20/21.