4min chapter

LEVELS – A Whole New Level cover image

#84 - Startup Equity 101: ISOs, NSOs, RSUs, Secondary Sales, & other things you should know | Henry Ward, Sam Corcos, & Zac Henderson

LEVELS – A Whole New Level

CHAPTER

What Is a Reverse Tender Offer?

In a reverse tender, you set the price. You are more likely to get a higher price through a competitive offering and an auction than you would be prenegotiated. But you also run the risk that maybe there's not enough competition an you actually get a lower price. At carta, we're at a size an scale now where we've moved too much muddles for us to support in the early days. The book is thick enough to support an' so i usually don't do it until two billion or three years later.

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