the industry secret is "not really", no, you don't
way before private secondaries got big, there were boutique funds and lawyers that set up the contracts and structures to circumvent this friction
and most companies do not care about that covenant, they care about the optics around their cap table to attract other investors and also satisfy securities regulators
the industry secret is "not really", no, you don't
way before private secondaries got big, there were boutique funds and lawyers that set up the contracts and structures to circumvent this friction
and most companies do not care about that covenant, they care about the optics around their cap table to attract other investors and also satisfy securities regulators