Comment by askafriend
6 years ago
They do biannual liquidity events internally. If you’re an employee you can sell your stock back to the company for cash.
6 years ago
They do biannual liquidity events internally. If you’re an employee you can sell your stock back to the company for cash.
Another big iff here: iff the true owners of the company permit you to do so. Most startups do not permit this, afaik, which further indicates what a longshot it was that he turned down an offer from one that does.
I think they only started doing that recently, after they stayed private so long that many employees started approaching the 10 year mark at which point their options would expire.