Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Use Pre-IPO Loans Against Their Shares
Episode 61 of The Startup Exit Podcast digs into the growing trend of founders taking out loans secured against their own pre-IPO shares — a way to get liquidity without selling. Lucas and Luna walk through the mechanics: how banks like JPMorgan and Goldman Sachs structure these loans, what interest rates look like in today's environment, and the real risk of a margin call if the stock drops. They anchor the conversation in the current market, referencing the upcoming OpenAI IPO and the Baseten raise, and discuss why more founders are choosing debt over selling in the secondary market. A…
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