Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
The Secondary Block Trade Boom Reshaping Founder Liquidity
In this episode of The Startup Exit Podcast, Lucas and Luna break down the surge in secondary block trades—large pre-IPO share sales that let founders cash out without waiting for an IPO. Using the recent $1.45 billion valuation round for world model maker Odyssey, backed by Amazon, they explain how secondary sales are becoming the new normal. Lucas walks through the mechanics: how block trades are structured as negotiated private placements, often at a discount to the latest round price, and why they appeal to late-stage investors seeking liquidity. Luna notes that companies like Airbnb and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.