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by ng12
3552 days ago
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The second market is a bandaid. In addition to sub-par prices there's a huge bottleneck in the demand for shares, which is extremely volatile. And if cofounder X decides to offload 10% of his shares it'll wipe out any demand there is. Equity is awful for a lot of reasons, but I'll never be convinced second-market selling is the panacea. |
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