Description
"At a growth stage, companies need to start thinking like public companies," says Pipe CEO Harry Hurst.
Summary
- Pipe, a marketplace for revenue-based lending, has started to let its employees sell some of their equity each year through company-managed secondary sales on the AngelList platform.
- I actually think that at a growth stage, companies need to start thinking like public companies,” Pipe co-founder and CEO Harry Hurst tells Axios of the need to provide more employee liquidity opportunities.
- At the same time, startups have been apprehensive about letting employees freely sell their stock and losing control over their cap tables.
- We'll see lasting impacts on company culture, the job market, demographics and cities.