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Understanding Secondary Market Transactions with Becki DeGraw | Wilson Sonsini Startup Legal Basics
This Week in Startups
The Cost of Tender Offers
Tender offers are more costly to execute than a smaller transaction involving three or four people. There's all sorts of disclosure around what the offering is and it has to stay open for at least 20 business days so when you go through that there is a much more formality disclosure process around it. It depends on how many folks are involved if you have two or three founders the company's just going to handle it you're not going to go through secondary platform.
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