Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events

Secondary Sales Give Founders Early Liquidity
Before an IPO or acquisition, many startup founders quietly sell a slice of their stock to outside investors. It's called a secondary sale, and it's becoming a standard tool for managing personal risk without leaving the company. In this episode, Lucas and Luna unpack the mechanics of secondary transactions, how they differ from primary fundraises, and why investors like Tiger Global and Accel have fueled a thriving market in pre-IPO shares. They walk through a real-world example: a fintech founder who sold 15 percent of his stake at a $3 billion valuation, locking in personal…
The skinny
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