[Illniyar]

>Why invest in your company if you don't have the conviction that it will be worth more 3-6 months from now.

errr... they do, but they also want to buy that apartment or car that they held off on, or pay off loans they took. Employees and founders don't sell all of their stock.

Not to mention that regardless of personal convictions, as an employee or founder you'd like to diversify your investments.

Is it reasonable for investors to want a lock-up period - sure, but the fact that the company would prefer not to have a lock-up period shouldn't really be a red flag.