Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Use Pre-IPO Liquidity Without Selling Shares
In this episode Lucas and Luna look at how founders are using pre-IPO loans and collar structures to unlock cash without triggering a taxable sale. They point to recent data: ARKK is up 4% in the last five days, and RBLX jumped 10.4% — signs that growth investors are bidding up high-beta names before IPOs. The conversation centers on the mechanics of a cash-settled collar using a hypothetical founder at Palantir (ticker symbol P-L-T-R, up 130.63 recently). They walk through how a collar caps upside at a strike price but provides a loan against the shares, allowing the founder to diversify…
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