New ask Hacker News story: Ask HN: Should I sell equity in a past startup on the private market?
Ask HN: Should I sell equity in a past startup on the private market?
5 by throwaway_2mkt | 0 comments on Hacker News.
Many years ago I worked for a start-up that showed some signs of success but merged with its only real competitor and laid-off many of the redundancies. I left the company around this time but exercised my stock options and now own a decent amount in this (still private) company formed from the merger. I was notified recently that I can sell my equity on the private market. The offer included details of a share price, which would give me a decent payout (6 figures), but I’m wondering if this is a good deal. From crunchbase, the company has done one more round of funding since I left, and it appears they are gearing up for either an IPO or another funding round. Should I sell? Or how could I better assess the terms of this deal? I feel that if investors are willing to pay for my shares then they think these will be worth more soon. I don’t need the money right now. Thanks for any advice.
5 by throwaway_2mkt | 0 comments on Hacker News.
Many years ago I worked for a start-up that showed some signs of success but merged with its only real competitor and laid-off many of the redundancies. I left the company around this time but exercised my stock options and now own a decent amount in this (still private) company formed from the merger. I was notified recently that I can sell my equity on the private market. The offer included details of a share price, which would give me a decent payout (6 figures), but I’m wondering if this is a good deal. From crunchbase, the company has done one more round of funding since I left, and it appears they are gearing up for either an IPO or another funding round. Should I sell? Or how could I better assess the terms of this deal? I feel that if investors are willing to pay for my shares then they think these will be worth more soon. I don’t need the money right now. Thanks for any advice.
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