VC Cafe

JANUARY 14, 2022

The government set a goal to increase the percentage of people employed in tech t0 15% but it cannot be achieved overnight. There are two main forms of exits for startups: trade sale/M&A or IPO. Many of the companies that went public via SPACs saw their valuations dramatically reduce in the months that followed post IPO.

Technical Review 158

Technical Review Lock-up Period South Korea 158

Venture Chronicles

OCTOBER 31, 2010

Don Dodge wrote about a very dry but critically important issue facing private companies that issue equity to employees… 409A valuations : IPO bump? – If private investors have already bid up the valuation, will there be an IPO jump in the stock price? This breaks the conventional wisdom about pre-IPO stock options.

Valuation 42

Valuation Stock Options Lock-up Period IPO 42

Haystack

DECEMBER 28, 2019

Or, the burgeoning private markets, which now fuel private companies with so much cash there’s been a new push to go for “Direct Listings” as companies become publicly-traded, allowing more shareholders to trade freely quicker without traditional lock-up periods? Or, it’s perhaps the conundrum of the U.S.

China 146

China Startup Lock-up Period Cap Table 146