EP28: Why Wayve's $85M Employee Tender Isn't an Exit — It's a Talent-Retention Weapon
Wayve just opened an $85M employee tender at an $8.5B valuation — but that price was set by five investors in a February primary round, not by trading. Drew and Reese unpack why employee tender offers are retention transactions, not price-discovery events, and the four checks every tech-investor angel or syndicate LP should run before treating a tender as meaningful signal. Sign-off: Position before you predict. YouTube: https://youtu.be/cc8i6zKg60w. Educational content, not investment advice.
The skinny
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