1. You buy into the fund with your shares.
2. The shares had to have had a valuation by a major VC in the past N months (N=4 IIRC).
3. You had to retain X% (they didn't want founders dumping on the fund.)
Finally decided it wasn't worth it. It is very difficult to have faith in other people's valuations of non-tradeable stock.
1. You buy into the fund with your shares.
2. The shares had to have had a valuation by a major VC in the past N months (N=4 IIRC).
3. You had to retain X% (they didn't want founders dumping on the fund.)
Finally decided it wasn't worth it. It is very difficult to have faith in other people's valuations of non-tradeable stock.