Analysis

May 25, 2022

More startup staff are cashing out early as the European secondaries market blooms

Investors say the rocky market environment might even be a tailwind for secondaries


Eleanor Warnock

7 min read

Yoko Spirig, cofounder and CEO, Ledgy

When AI platform Builder.ai raised its Series B in 2021, it wasn’t just the management who were happy. Employees sold a total of $5.7m in shares — a rare opportunity to turn some of their equity into cold hard cash before the business is sold, or goes public. 

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Sachin Dev Duggal, CEO of Builder.ai, let employees take cash off the table during a Series B.
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Eleanor Warnock

Eleanor Warnock is an advisor to VC firm Bek Ventures, and writes a newsletter on tech and writing. She was previously Sifted’s deputy editor. Find her on X and LinkedIn

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