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Is it even possible for Rad or any other founder to cash out their shares before a liquidity event like IPO or acquisition? Absolutely. Private companies buy
by e40 12y ago
Is it even possible for Rad or any other founder to cash out their shares before a liquidity event like IPO or acquisition?
Absolutely. Private companies buy back shares all the time. The board can authorize it, if they think it's in the best interest of the company.
- joezydeco 12y agoGroupon did it in their F and G rounds. Big time. "Altogether, $946.8 million, or roughly 86% of the funds raised across the three investments, was paid out to Groupon directors, officers and stockholders. Just $151.4 million was retained by the company to use as working capital and for general corporate purposes." http://mashable.com/2011/06/02/groupon-cash-out/ http://mashable.com/2011/06/02/groupon-cash-out/