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There's a third option: you can sell some or all of your equity to an investor. Companies don't like to talk about them, but I've seen more and more of these tr
by drewvolpe 12y ago
There's a third option: you can sell some or all of your equity to an investor. Companies don't like to talk about them, but I've seen more and more of these transactions happening, and they can be great for everyone involved: the employee gets a payday and eliminates her risk, and the investor gets access to a company she would not have otherwise been able to.
- cperciva 12y agoDon't rules about sales needing to be approved by the board block such transactions?
- siberianbear 12y agoWhen I bought my options at a pre-IPO startup, my agreement was that the board had a "first right repurchase," not a block. So if I were (for instance) to sell you my shares for $10, the company would have the right to buy them at the same price instead. Perhaps there are other types of agreements out there, and therefore YMMV.