Good on them. Secondary sales are, anecdotally, getting more common these days, despite the fact that many VCs dislike them. They're so obviously in the best

Good on them. Secondary sales are, anecdotally, getting more common these days, despite the fact that many VCs dislike them. They're so obviously in the best interests of founders and early employees, and the VC arguments against them are frankly odious, that I'd wager we see a realignment on how acceptable this term is seen to be. The argument advanced against secondaries is, phrased to be maximally charitable to it, that having founders and employees in the same boat as having to wait for an exit to really reap the rewards of the company keeps everyone's interests aligned and avoids causing any bad blood at the company caused by founders getting a very happy outcome prior to employees having gotten one. Phrased less charitably: rich people (VC partners) think paper-rich-cash-poor people should continue being cash-poor so that rich people have better negotiating leverage over them.