By Andy Gordon An IPO is one of the biggest moments of a founder’s life.
It’s the crowning achievement of years of hard work, not to mention uncertainty. Startups go from a few dozen investors at the beginning to thousands and eventually millions, if all goes well. Brokers follow them. And big Wall Street investors invest in them. An IPO means the startup has “made it.”
It’s also a watershed moment for early investors. Startup shares, as you know, are basically illiquid. You can’t cash out. You buy. You hold. You wait… many years, often a decade. And then, finally, the IPO launches.
But wait! You …read more
