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What are best practices for selling my Preferred Shares on the Secondary Market?

For those who have experience selling (or buying) shares of stock on the secondary market before a company reaches an official liquidity event (acquisition or IPO), what advice / input can you offer me, and others in my situation?

I am thinking about selling shares of Preferred Stock in a FinTech startup I originally invested in with the intent of holding for the long haul (Until acquisition or IPO). The company will have a RFR (Right of First Refusal). The value of the shares has grown significantly, the company is only 4 yrs old and gaining excellent recognition in their space (Banking / Personal Financial Management Software), so I want to sell my shares for the maximum possible value.

Also, I am looking for a seasoned transaction attorney to review my legal docs to confirm what my exact rights for selling are. Any suggestions?

2 Replies

Corey Blaser
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Corey Blaser Entrepreneur
Founder at Origami
Hey Josh, I would suggest talking to a good friend of mine, Karl Israelsen. He is a partner with Carman, Lehnof, Israelsen up in SLC.

http://clilaw.com/karl-israelsen/
Joshua Westover
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Joshua Westover Entrepreneur • Advisor
Investor / Entrepreneur
Thanks for the intro Corey.
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