GitLab allowed staff to sell 20% of vested shares in secondary
Sid Sijbrandij · GitLab Hits $2.7b Valuation is 20x+ Revenue Multiple, 160%+ in Net Revenue Retention, 10,000 Customers · Jul 24, 2020 · at 4:46
GitLab CEO Sid Sijbrandij explains how the company structured secondary liquidity for early employees via NASDAQ Private Market during its Series D round.
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“And we said you could sell up to 20% of your vested shares, both current team members and ex-team members up to 20%.”
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