4 ms·

so how do stripe employees get liquidity? can anyone sell their secondary shares?

clint 5mo ago
Stripe might buy back the shares at a good price. They might be able to sell on secondary markets.
toomuchtodo 5mo ago
Tender offers. https://www.investor.gov/introduction-investing/investing-basics/glossary/tender-offer https://www.investor.gov/introduction-investing/investing-ba... https://www.law.cornell.edu/wex/tender_offer https://www.law.cornell.edu/wex/tender_offer https://carta.com/learn/equity/liquidity-events/tender-offer/ https://carta.com/learn/equity/liquidity-events/tender-offer... https://hn.algolia.com/?dateRange=all&page=0&prefix=false&query=stripe%20tender%20offer&sort=byDate&type=story https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu... (secondary markets are sometimes an option, depending on stock transfer restrictions)
tomwheeler 5mo ago
I can't speak for the specific case of Stripe, but it's fairly common for private companies to have a "tender offer" in which employees have the opportunity to sell some portion of their equity. This is often done in conjunction with a new investment round.
- Marsymars 5mo ago
  Outside of big tech, it's also fairly common for private companies to simply not offer equity to employees.
newaccountman2 5mo ago
Private/secondary markets.
Scoundreller 5mo ago
Bankruptcy court? FTX bought 8% of Anthropic for $500m in 2021. https://www.forbes.com/sites/josipamajic/2026/03/18/ftx-owned-anthropic-solana-and-spacex-then-had-to-sell-too-soon/ https://www.forbes.com/sites/josipamajic/2026/03/18/ftx-owne...
vanuatu 5mo ago
regular tender offers
jiveturkey 5mo ago
There's a newish term for this: RLO, Recurring Liquidity Opportunity. These are tender offers at some recurring interval. Even some companies that have a shorter lifespan (say 7 years) offer this.
magicalhippo 5mo ago
Company I worked for had a deal where I could sell back to the company at any time. The price was determined by a formula based on revenue and such, so I always knew what they were worth. I was not allowed to sell to anyone else though.

clint 5mo ago

Stripe might buy back the shares at a good price. They might be able to sell on secondary markets.

Tender offers. https://www.investor.gov/introduction-investing/investing-basics/glossary/tender-offer https://www.investor.gov/introduction-investing/investing-ba... https://www.law.cornell.edu/wex/tender_offer https://www.law.cornell.edu/wex/tender_offer https://carta.com/learn/equity/liquidity-events/tender-offer/ https://carta.com/learn/equity/liquidity-events/tender-offer... https://hn.algolia.com/?dateRange=all&page=0&prefix=false&query=stripe%20tender%20offer&sort=byDate&type=story https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu... (secondary markets are sometimes an option, depending on stock transfer restrictions)

tomwheeler 5mo ago

I can't speak for the specific case of Stripe, but it's fairly common for private companies to have a "tender offer" in which employees have the opportunity to sell some portion of their equity. This is often done in conjunction with a new investment round.

Marsymars 5mo ago
Outside of big tech, it's also fairly common for private companies to simply not offer equity to employees.

newaccountman2 5mo ago

Private/secondary markets.

Scoundreller 5mo ago

Bankruptcy court? FTX bought 8% of Anthropic for $500m in 2021. https://www.forbes.com/sites/josipamajic/2026/03/18/ftx-owned-anthropic-solana-and-spacex-then-had-to-sell-too-soon/ https://www.forbes.com/sites/josipamajic/2026/03/18/ftx-owne...

vanuatu 5mo ago

regular tender offers

jiveturkey 5mo ago

There's a newish term for this: RLO, Recurring Liquidity Opportunity. These are tender offers at some recurring interval. Even some companies that have a shorter lifespan (say 7 years) offer this.

magicalhippo 5mo ago

Company I worked for had a deal where I could sell back to the company at any time. The price was determined by a formula based on revenue and such, so I always knew what they were worth. I was not allowed to sell to anyone else though.