Is It Ever OK for Founders to Sell Off Their Company Shares?Selling stock in your company, especially if it keeps you from sleeping in your car, is not necessarily a bad move.
This story appears in theJanuary 2014issue of雷竞技手机版.Subscribe »
的一个圣rangest things about being astartupfounder is that I'm running a multimillion-dollar company but earning a salary far below my market value. My company may be worth a lot, but the vast majority of my personal net worth is tied up in an illiquid asset (company stock), which is no help to me as a mom with two small kids, a mortgage, medical bills and day-to-dayexpenses.
Five years in and easily $500,000 below what should have been my accumulated earnings since 2009, I'm left scratching my head. I hear murmurings that some founders sell personal shares long before an exit. Should I do the same? Should you if you're in this boat?
A quick survey of other startup founders revealed that they believe it's OK to sell a tiny percentage of stock (in the single digits) once a company'svaluationreaches $10 million.
