secondary shares
2 statements across 2 episodes · 1 bullish · 1 bearish · 2 people on the record · first statement Dec 6, 2021 by Michael Eisenberg · across every show →
Everything said about secondary shares, oldest first
Dec 6, 2021 negative
Eisenberg: Selling VC Secondary Shares Without the Founder Harms Reputation
“Founders talk to each other, and unless it's really obvious you're taking money off with the founder, and it's probably a small amount if you're a large stakeholder, I think that's reputation negative over the long term and not consistent with playing the long…”
May 1, 2025 bullish
Grinda: FJ Labs maintains 30% IRR by selling winners early
“I want to say the cheat code I use for IR, why I still can get 30% IR today, is the virtue of being diversified means I own two, one to three percent of any of the companies, and so what I've been doing is getting secondaries on the way up. So, I've been doing…”