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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – What Companies Should Know Before Allowing Secondary Sales?
Description: What Companies Should Know Before Allowing Secondary Sales? Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Companies who want to give their employees the opportunity to sell their shares should consider the following: Set specific timeframes to allow for stock sales by the employees. This limits the distraction of employees and reduces the amount of disclosure the company must do. Prepare disclosure statements for the employees to use and gain board approval. Many companies set the selling timeframe to come just after a fundraise. The share price has...