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Equidate's new stock market for private tech offers in-depth data on startups

66 pointsby sohailprasadalmost 9 years ago

10 comments

twinkletwinklealmost 9 years ago
Anyone remember Sandhill Exchange, and how badly they got slapped around by the SEC? I'd steer clear of this sort of thing until further notice.
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bear_southalmost 9 years ago
went to site and got an im like this.. soahil prasad see you here so hopefully you can explain. Feels extremely shady. Obviously you are not letting me insantly make a 2500% return, but your instant help message says this... what kind of gimic? (or was system hacked... trying to give you benefit of the doubt!)<p>Equidate&#x27;s Pre-IPO Promotion: Get access to FB at $4.54!<p>Hi there, thanks for checking out Equidate!<p>We&#x27;re incredibly excited about giving the world early access to high growth private tech companies. To show you what we mean, we&#x27;re giving you a second chance to get in early on two of the world&#x27;s most successful companies — Facebook and Tesla — at their pre-IPO prices!<p>Sign up here to get in on Facebook at $4.54 (the price at its Series E in May 2009 where DST Global invested $200M) instead of its recent price of over $115.<p>You can share the following link with your friends! <a href="https:&#x2F;&#x2F;early.equidateinc.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;early.equidateinc.com&#x2F;</a>
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thomasdubalmost 9 years ago
Would you consider adding some of the startup valuations from different mutual funds to add context to the valuations? Your latest valuation for DropBox is $19.10 but various mutual funds have valued them between $9.75 and $12.30 in Q2 2016 [0]. I think it would add context and be useful for buyers and sellers - I&#x27;m not sure anyone would buy DropBox for $19.10 today, and it&#x27;s giving employees with options false hope that they would get that amount. [0] <a href="http:&#x2F;&#x2F;graphics.wsj.com&#x2F;tech-startup-stocks-to-watch&#x2F;" rel="nofollow">http:&#x2F;&#x2F;graphics.wsj.com&#x2F;tech-startup-stocks-to-watch&#x2F;</a>
Dr_tldralmost 9 years ago
So this is either a glorified bucket shop or yet another company with the brilliant idea of setting up an unregulated secondary market selling an incredibly wide variety of different ownership instruments that were never intended to be sold.<p>IANAL, but if I was their counsel, I would definitely advise them to keep paying me a lot of money for a 10% chance it somehow works out with the regulators.
YuriNiyazovalmost 9 years ago
How is this possible if most employee stock has right of first refusal built-in?
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serge2kalmost 9 years ago
How does a market that lets people buy and sell shares without the company going public not get immediately slapped around by the SEC?<p>This all just feels wrong to me. As an employee selling shares how can I be sure I&#x27;m not getting screwed over by anyone? The entire thing just seems shady.
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formula1almost 9 years ago
A mentor of mine told me this is a legal nightmare. I imagine if there is enough demand the state will be forced to adapt to the market. But this kind of probably will go through some growing pains
aphextronalmost 9 years ago
&quot;a market for trading shares of private companies&quot;<p>So... the stock market? How can this possibly be legal?
nealsalmost 9 years ago
So what happens if the company goes public?
kriroalmost 9 years ago
Could I sell Equidate options on Equidate?
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