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Earlier quoted context omitted.
Usually, they'll have to, since such stock is usually conditioned on you granting the employer the Right of First Refusal (i.e. the chance to beat any offer from a buyer you find).
so basically... there is not a market, and it's a fake stock
Not sure why this is Marked dead. Seems like a perfect question for this forum. I too would like to know the answer.
Earlier quoted context omitted.
Usually, they'll have to, since such stock is usually conditioned on you granting the employer the Right of First Refusal (i.e. the chance to beat any offer from a buyer you find).
so basically... there is not a market, and it's a fake stock
Earlier quoted context omitted.
so basically... there is not a market, and it's a fake stock
No? If you can find a buyer for a certain amount, you can sell for that amount. The company can just opt to be the buyer.
Earlier quoted context omitted.
Usually, they'll have to, since such stock is usually conditioned on you granting the employer the Right of First Refusal (i.e. the chance to beat any offer from a buyer you find).
so basically... there is not a market, and it's a fake stock
It means they have to match the offer or let you sell. It’s exactly like a national best bid guarantee in a real market.
I'm also curious if anyone has purchased secondary market shares and what that experience is like.
Structured as contracts for future stock from current employees that get transferred to you after the ipo (and usually 6 month lockup) are complete.
I got 100% of the uber stock (about 1x return) about 99.8% of the airbnb (about 2.5x return) and depending on if/when reddit ipos (was looking good for 10x a few months back but unlikely now) it will be interesting to see how much of the stock i get if it has gone up massively since initial purchase.
Not sure why this is Marked dead. Seems like a perfect question for this forum. I too would like to know the answer.
This forum is run by venture capitalists, which might have something to do with the question posed on this page.
(1) HN's only value to YC is the community; (2) the community only comes here to the extent that it finds HN interesting; (3) therefore, to optimize HN's value, we have to optimize it for being interesting. Moderating for parochial interest (e.g. suppressing things that some $ingroup doesn't like—VCs or whoever else) would make HN less interesting, so we don't.
We also don't do it because (a) it would be wrong and (b) it would feel bad, but those concerns don't belong in a cynical argument. YC's business interests, however, do belong in such an argument, and it's very much in YC's business interest to keep this community as happy as possible. That's a sort of miracle if you think about it—a freak of economic nature—so we should all enjoy it for as long as possible.
Past explanations in case anyone wants more:
https://news.ycombinator.com/item?id=23284262
https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so...
https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor...
p.s. The OP was originally killed by a software filter—those are tuned more aggressively for new accounts. Fortunately other users vouched for the post, which unkilled it long before mods saw it. That's the vouching feature working as intended. See https://news.ycombinator.com/newsfaq.html#cvouch.
I'm also curious if anyone has purchased secondary market shares and what that experience is like.
Bought uber, airbnb and reddit in 2018 on equidate/forgeglobal. Structured as contracts for future stock from current employees that get transferred to you after the ipo (and usually 6 month lockup) are complete. I got 100% of the uber stock (about 1x return) about 99.8% of the airbnb (about 2.5x return) and depending on if/when reddit ipos (was looking good for 10x a few months back but unlikely now) it will be inte…
You mean from the employees backing out somehow?