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corford
on April 1, 2015
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How Wall Street Middlemen Help Silicon Valley Empl...
Aren't most pre-IPO shares restricted though (company has ROFR, company board can block sale of shares to a third party they don't like etc.)?
earlyresort
on April 1, 2015
[–]
Yes, but the type of restriction matters. Sometimes it's just a ROFR at the same price, and that alone isn't enough to deter either buyers or sellers from directly buying and selling.
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