Founder’s guide to the pre-IPO secondary market

INSUBCONTINENT EXCLUSIVE:
Ryan Conner is a corporate attorney at Atrium part of the General Counsel Group representing early-stage startups. The increase in activity
lifecycle than ever before
For most startups and privately-held companies, liquidity is often an issue for stockholders, as no market exists for selling shares and/or
transfer restrictions can prevent their sale
to the company itself before the company undergoes an exit; traditionally, an exit refers to an M-A or an IPO.)Offering secondary
transactions to founders is a tool VCs have been using to win deals
For example, if a VC promises that the founders will receive $1,000,000 in cash through a secondary sale from a $15,000,000 venture