Secondary shops flooded with unicorn sellers
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Secondary shops flooded with unicorn sellers
1–10 of 158 posts
Re: Secondary shops flooded with unicorn sellers
#2Semi related question: One has to be an accredited (i.e. wealthy) investor to invest in startups, but this does not apply to employees exercising options. Does that mean that employees who do not meet the wealth requirements to be accredited are only ever able to sell ownership, and only to accredited investors?
Re: Secondary shops flooded with unicorn sellers
#3I use Evernote (paid plan), but it's been my impression that the level of intuitiveness of the UX has steadily declined, to the point where I have no idea what to click to make it do what I want.
Like Yahoo, some companies are very challenged when it comes to building intuitive UI/UX. It's too bad the market focuses on financial performance and market share rather than more fundamental aspects of competence.
Re: Secondary shops flooded with unicorn sellers
#4Has any HNer participated in such a secondary sale? I think it could be informative to describe the experience, whom you dealt with, how a price was agreed upon, how your company discussed secondary sales, etc.
Re: Secondary shops flooded with unicorn sellers
#5Sell while you still can. I don't know who would be buying these shares right now.
Re: Secondary shops flooded with unicorn sellers
#6Semi related question: One has to be an accredited (i.e. wealthy) investor to invest in startups, but this does not apply to employees exercising options. Does that mean that employees who do not meet the wealth requirements to be accredited are only ever able to sell ownership, and only to accredited investors?
This depends on jurisdiction of course, but employees may also be able to invest, even if they don't meet the requirements.
It's not easy for an employee to get access to a secondary market anyway, but yes they should also be enforcing the transaction rules.
Re: Secondary shops flooded with unicorn sellers
#7I use Evernote (paid plan), but it's been my impression that the level of intuitiveness of the UX has steadily declined, to the point where I have no idea what to click to make it do what I want. Like Yahoo, some companies are very challenged when it comes to building intuitive UI/UX. It's too bad the market focuses on financial performance and market share rather than more fundamental aspects of competence.
Couple of years ago I was OneNote user (on Windows). Then I decided to switch to Mac, and moved all my notes to Evernote. I was happy at first, but then Evernote started declining in quality. Microsoft introduced OneNote on the web, on the phone, on the Mac, and last month I switched back. It's free, and it is, at least for me, superior user experience.
Re: Secondary shops flooded with unicorn sellers
#8Semi related question: One has to be an accredited (i.e. wealthy) investor to invest in startups, but this does not apply to employees exercising options. Does that mean that employees who do not meet the wealth requirements to be accredited are only ever able to sell ownership, and only to accredited investors?
If the company is private then employees exercising options generally (always?) have clauses that restrict them from selling that stock whether they are accredited investors or not. Not a lawyer, but I think there may be two reasons: 1) prevent covert takeover from the original founders 2) prevent a general market for private companies (before IPO). IPO involves a lot of regulatory overhead to confirm full disclosure. I think the restriction is to maintain control, but it may be a legal requirement before public market.
In other words you can't sell except as part of a board approved sale of the company or a public offering. I think opportunities to buy are based on new issuance of stock (for accredited investors) not based on trades of existing stock.
Re: Secondary shops flooded with unicorn sellers
#9The last couple of years, everytime someone would ask the cliché 'is there a bubble?' Question to a VC, they all waved it away. The questions were legit because of the insane valuations that have been thrown around. How often in History have companies like MagicLeap for example, got to billion+ valuation before ever launching a product. Evernote is a legit business, yes but same story. Blown up by investors. The bubble is cracking.
Re: Secondary shops flooded with unicorn sellers
#10I use Evernote (paid plan), but it's been my impression that the level of intuitiveness of the UX has steadily declined, to the point where I have no idea what to click to make it do what I want. Like Yahoo, some companies are very challenged when it comes to building intuitive UI/UX. It's too bad the market focuses on financial performance and market share rather than more fundamental aspects of competence.
Couple of years ago I was OneNote user (on Windows). Then I decided to switch to Mac, and moved all my notes to Evernote. I was happy at first, but then Evernote started declining in quality. Microsoft introduced OneNote on the web, on the phone, on the Mac, and last month I switched back. It's free, and it is, at least for me, superior user experience.
I switched from OneNote to Evernote when I got a Surface. The only things I like Evernote better for are its simple file format (OneNote will be harder to get my data out of if I leave) and its Clearly web clipper. Outside of that, OneNote is just better put together and much more intuitive.
Being able to draw with a pen is awesome, and the killer feature that makes it work is "Insert Space." You can pick a point and push everything below it down, like you would when making edits in a word processor. All the layout and diagram flexibility of handwritten notes, but without the usual limit that you run out of space or have to work in the margins if you want to go back and add anything in the middle.