Secondary Markets and the Retention Problem
How structured secondaries are quietly solving the equity-retention problem at growth-stage companies.
SJ
Sarah JenkinsContributor, The Signal
Long times to liquidity have created a structural problem at growth-stage companies: senior engineers and product staff with significant vested equity and no path to monetize it. Structured secondary programs — controlled, periodic, with clear participation rules — have emerged as one of the cleaner solutions, and the data on subsequent retention is encouraging.