2min chapter

This Week in Startups cover image

Understanding Secondary Market Transactions with Becki DeGraw | Wilson Sonsini Startup Legal Basics

This Week in Startups

CHAPTER

How Much Should a Founder Sell?

In Uber, Airbnb and Facebook most famously I think back in the day, Facebook kind of got forced to go public at a certain point. They just had so many investors it was causing some agito with the SEC where there's a certain number of people you can have in a private company. But Yuri Milner very famously did a blended deal in Facebook I believe where he bought some secondary and a bit of a discount and then paid a very high price for the primary shares the preferred shares in Facebook. So on the buy side you can and this I think Masayoshi San did the same thing he paid a certain amount for preferred shares in Uber and then he paid some of us with existing

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode