Liquidity Event

An IPO is the debut of private stock on public markets. This article outlines the mechanical process, the strategic reasons for going public, and the intense scrutiny that follows.

A liquidity event is the moment paper wealth becomes real cash. This article defines the term, outlines the common types of exits, and explains why investors push for them.

Unrealized gains represent an increase in asset value that has not yet been sold. This article explains the difference between paper profits and actual cash in a startup context.

An exit strategy is the plan for converting equity into cash. This article outlines the common paths, investor expectations, and the strategic trade-offs of planning the end.

Tag-along rights allow minority shareholders to sell their stake if a majority shareholder sells theirs. This protects founders and early investors from being left behind during an exit.