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Equidate's new stock market for private tech offers in-depth data on startups

nytimes.com

21–30 of 34 posts

Re: Equidate's new stock market for private tech offers in-depth data on startups

#21

How is this possible if most employee stock has right of first refusal built-in?

Would the employee care? The right of first refusal means your employer has to match the $.

Buyers may be scarce if too many employees are so encumbered though. Is that your concern?

Re: Equidate's new stock market for private tech offers in-depth data on startups

#22
post #18

Could I sell Equidate options on Equidate?

CLO-dude here. Hmm. We are still fine-tuning the option plan so for now as a technical matter, no.

When we do flip that switch, I expect that we will offer our optionees, like other team members, early investors, advisors, and other shareholders at least as much liquidity as we expect out of the rest of the industry. All of our stock agreements to date contemplate secondary liquidity. We might have to do that via third parties — I haven't thought through the implications of trading Equidate shares on Equidate. It sounds like a Malkovich moment.

Re: Equidate's new stock market for private tech offers in-depth data on startups

#23
How does a market that lets people buy and sell shares without the company going public not get immediately slapped around by the SEC?

This all just feels wrong to me. As an employee selling shares how can I be sure I'm not getting screwed over by anyone? The entire thing just seems shady.

Re: Equidate's new stock market for private tech offers in-depth data on startups

#24
went to site and got an im like this.. soahil prasad see you here so hopefully you can explain. Feels extremely shady. Obviously you are not letting me insantly make a 2500% return, but your instant help message says this... what kind of gimic? (or was system hacked... trying to give you benefit of the doubt!)

Equidate's Pre-IPO Promotion: Get access to FB at $4.54!

Hi there, thanks for checking out Equidate!

We're incredibly excited about giving the world early access to high growth private tech companies. To show you what we mean, we're giving you a second chance to get in early on two of the world's most successful companies — Facebook and Tesla — at their pre-IPO prices!

Sign up here to get in on Facebook at $4.54 (the price at its Series E in May 2009 where DST Global invested $200M) instead of its recent price of over $115.

You can share the following link with your friends! https://early.equidateinc.com/

Re: Equidate's new stock market for private tech offers in-depth data on startups

#25

went to site and got an im like this.. soahil prasad see you here so hopefully you can explain. Feels extremely shady. Obviously you are not letting me insantly make a 2500% return, but your instant help message says this... what kind of gimic? (or was system hacked... trying to give you benefit of the doubt!) Equidate's Pre-IPO Promotion: Get access to FB at $4.54! Hi there, thanks for checking out Equidate! We're i…

It appears to be email grab... but this is straight gimicry and is it even legal????

Re: Equidate's new stock market for private tech offers in-depth data on startups

#26

went to site and got an im like this.. soahil prasad see you here so hopefully you can explain. Feels extremely shady. Obviously you are not letting me insantly make a 2500% return, but your instant help message says this... what kind of gimic? (or was system hacked... trying to give you benefit of the doubt!) Equidate's Pre-IPO Promotion: Get access to FB at $4.54! Hi there, thanks for checking out Equidate! We're i…

We're running a promotional event called the Early Is Everything Pre-IPO Pricing Event this Thursday (7/28) and next (8/4) to celebrate the launch of our new trading platform.

We'll be giving over 100 people the opportunity to get in early on Facebook ($4.54) and Tesla ($2.97).

As per the Event FAQ on the linked site, we're taking a loss on every certificate to prove a point — that when it comes to investing in the most successful companies in the world, early is everything.

The "Early is Everything" promotion offers eligible participants the opportunity to purchase a certificate at the pre-IPO price of either Facebook or Tesla Motors, redeemable for securities through a registered broker-dealer, or for merchandise, at the current price of these companies as of July 13, 2016. Offer good while supplies last. Other terms and restrictions apply, please see event page for full details. See: https://early.equidateinc.com/

Re: Equidate's new stock market for private tech offers in-depth data on startups

#27
Would you consider adding some of the startup valuations from different mutual funds to add context to the valuations? Your latest valuation for DropBox is $19.10 but various mutual funds have valued them between $9.75 and $12.30 in Q2 2016 [0]. I think it would add context and be useful for buyers and sellers - I'm not sure anyone would buy DropBox for $19.10 today, and it's giving employees with options false hope that they would get that amount. [0] http://graphics.wsj.com/tech-startup-stocks-to-watch/

Re: Equidate's new stock market for private tech offers in-depth data on startups

#28

went to site and got an im like this.. soahil prasad see you here so hopefully you can explain. Feels extremely shady. Obviously you are not letting me insantly make a 2500% return, but your instant help message says this... what kind of gimic? (or was system hacked... trying to give you benefit of the doubt!) Equidate's Pre-IPO Promotion: Get access to FB at $4.54! Hi there, thanks for checking out Equidate! We're i…

It appears to be email grab... but this is straight gimicry and is it even legal????

Yes, it is legal. As per the event page: The promotion is not an offer to buy or sell securities, nor are the certificates sold in the promotion securities.

Once your purchase is confirmed, we'll send you information via email on how to fulfill your purchase and your certificate. The certificate is redeemable either for securities through a broker-dealer for those who setup an account, or else for merchandise.

All of the proceeds from our Early Is Everything Pre-IPO Pricing Event are being donated to MissionBit, a Bay Area nonprofit that sponsors underprivileged high school students in the San Francisco Bay Area to learn computer development skills.

Re: Equidate's new stock market for private tech offers in-depth data on startups

#29

went to site and got an im like this.. soahil prasad see you here so hopefully you can explain. Feels extremely shady. Obviously you are not letting me insantly make a 2500% return, but your instant help message says this... what kind of gimic? (or was system hacked... trying to give you benefit of the doubt!) Equidate's Pre-IPO Promotion: Get access to FB at $4.54! Hi there, thanks for checking out Equidate! We're i…

We're running a promotional event called the Early Is Everything Pre-IPO Pricing Event this Thursday (7/28) and next (8/4) to celebrate the launch of our new trading platform. We'll be giving over 100 people the opportunity to get in early on Facebook ($4.54) and Tesla ($2.97). As per the Event FAQ on the linked site, we're taking a loss on every certificate to prove a point — that when it comes to investing in the m…

to make explict, does each person get 1 share? so about 110 profit facebook and then 225 profit for tesla. As you can see from my profile i don't comment a lot here, but felt compelled as i personally was put off by the spammy nature.

YMMV.

Just friendly advice and also caution to others I guess. For a site that talks about having institutional investors and having one of the top legal firms in the world this mlm and internet riches type vibe is what I got. Again, you guys may be great, but this is very unprofessional / gimmicky in my opinion

Re: Equidate's new stock market for private tech offers in-depth data on startups

#30

Earlier quoted context omitted.

We're running a promotional event called the Early Is Everything Pre-IPO Pricing Event this Thursday (7/28) and next (8/4) to celebrate the launch of our new trading platform. We'll be giving over 100 people the opportunity to get in early on Facebook ($4.54) and Tesla ($2.97). As per the Event FAQ on the linked site, we're taking a loss on every certificate to prove a point — that when it comes to investing in the m…

to make explict, does each person get 1 share? so about 110 profit facebook and then 225 profit for tesla. As you can see from my profile i don't comment a lot here, but felt compelled as i personally was put off by the spammy nature. YMMV. Just friendly advice and also caution to others I guess. For a site that talks about having institutional investors and having one of the top legal firms in the world this mlm and…

The goal of the campaign is to drive awareness among individual investors and employees, and we're doing so by contrasting the opportunities of today with opportunities in successful companies of the past. We've gotten a great response so far, but thanks for your candid feedback.

Each person is limited to one certificate. The certificate is redeemable either for securities (i.e. a share of Facebook at its closing price as of July 13, 2016) through a broker-dealer for those who setup an account, or else for merchandise. It's structured like this specifically to ensure that we're compliant with relevant regulation.

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