Hatching Chickens

The rough road from ESOPs to cashouts: secondary share sales

For employees holding startup ESOPs, secondary share sales are more likely than an IPO. But it's a rough road

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Working for promising and fast-growing startups can be rewarding, but also risky and full of stress. Competitive salaries and energetic work environments can ease some of that, but the ultimate proverbial pot of gold at the end of the rainbow is cashing out by selling the company’s shares when it goes public.

But more and more startups are content with staying private for much longer periods, thanks to the unprecedented rise in the quantum of private capital on offer. For instance, Flipkart alone has raised over $7 billion in venture funding till date, in comparison with Infosys, which raised…

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