I'm also curious if anyone has purchased secondary market shares and what that experience is like.
Structured as contracts for future stock from current employees that get transferred to you after the ipo (and usually 6 month lockup) are complete.
I got 100% of the uber stock (about 1x return) about 99.8% of the airbnb (about 2.5x return) and depending on if/when reddit ipos (was looking good for 10x a few months back but unlikely now) it will be interesting to see how much of the stock i get if it has gone up massively since initial purchase.
You mean from the employees backing out somehow?
If you sold rights to your stock for a million 5 years ago and now it is worth 15 million and still in your possession, it would be tempting to sell it asap and move to brazil and let the lawyers come and find you.