Carta and NewView partner, hoping to entice more startups to let employees sell shares early
A new program wants to encourage more startups to allow workers to cash out early by making it easier to transact tender offers.
Via TechCrunch
Startups are staying private longer leaving employees, who typically take a portion of their compensation as stock they can’t sell, with little hope of early liquidity.
An increasing number of late-stage startups are recognizing this and offering tender offers to employees. These are transactions that allow employees (and, often, early investors) to sell a portion of their shares for a predetermined price to an approved investor.
To simplify the tender process, NewView recently partnered with Carta. The collaboration combines NewView’s…
Courtesy
This story was originally published by TechCrunch. All rights belong to the original publisher.
Read the original on techcrunch.com ↗