Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Use Secondary Sales to De-Risk Before Exits
In this episode, Lucas and Luna explore how startup founders are increasingly using secondary stock sales to de-risk their personal finances years before a traditional exit. They examine the case of fintech company Ramp, which recently allowed early employees and founders to sell shares in a $150 million secondary round at a $12 billion valuation. Lucas breaks down the mechanics of these transactions, the tax implications, and how they differ from tender offers. Luna shares recent data from Forge Global showing that secondary volumes hit $12 billion in Q1 2026, up 30% year-over-year. They…
The skinny
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