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

How Founders Use Structured Secondaries for Liquidity Before Exits

In this episode of The Startup Exit Podcast, Lucas and Luna break down how founders and early employees access liquidity before an IPO or acquisition using structured secondary transactions — a strategy gaining traction in the current market. They anchor the discussion on the recent Databricks $188 billion valuation round and the $800 million Dimension Capital fund, explaining how secondaries allow insiders to sell shares without triggering a public exit. Lucas explains the mechanics of tender offers, cross-purchases, and SPV structures, while Luna highlights the tax implications and the…

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