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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Challenges in Secondary Sales
Description: Challenges in Secondary Sales Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are several obstacles to overcome in completing a secondary sale. Here are some challenges to consider: Board approval -- In many cases, the company must approve any founder shares being sold. Right of First Refusal -- companies that have raised funding have Rights of First Refusal on any offers of stock sales.  The company must sign off those rights to allow others to purchase the shares. Co-Sale Rights -- Investors may have Co-sale rights which re...