@EquityZen founder. Pre-IPO takes, VC takes, and occasionally golf takes.
NYC
Joined June 2010
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. @HelloSign and @Dropbox I could use a little help on a response. EquityZen is a 10+ year client. Thank you!!
Phil Haslett retweeted
Your private market access just got an upgrade.
We’ve officially lowered our transaction fees to 2.5% for all investors and shareholders, cutting current standard fees in half.
Powered by our integration with @MorganStanley, we’re using our scale to continue broadening access to the private markets, now with lower fees.
Same low investment minimums (starting at $5k). Now better pricing.
Read more: hubs.la/Q043PqRV0
#Fintech #PrivateEquity #Investing
Thanks so much for having me on the pod @MebFaber !!
Surge's founder may end up with more liquidity than ScaleAI's, and he did it with zero media presence and a text-only website.
Scoop w/@MilanaVinn : Surge AI, the lesser-known rival of Scale, is in talks to raise $1 billion at a valuation of >$15b
Craziest part is this would be the FIRST EVER fundraising by Surge, profitable & bootstrapped by CEO Edwin Chen, with no VC $$$
story:bit.ly/44ocGa3
QSBS (a big lever for angel investors, VC investors, and founders) could have some big changes.
1. up from $10M to $15M
2. tiered inclusion (50% after 3 years of holding, 75% after 4, then 100% after 5).
3. corp-level asset ceiling up from $50M to $75M
Considering how fast valuations are growing in AI startups, this could be very valuable for tech ecosystem:
- founders/angels will have more incentive
- esp if there's a quick (< 5 year) exit for the biz
- and would likely support the redeploying of $$ back into companies in 3yrs
finance.senate.gov/imo/media…
Worth noting:
- hasn't passed yet
- effective for stock issued/acq'd *after* enactment
- unclear if QSBS would still be excluded from AMT taxes. (if not excluded, it takes away most of the benefit)
Phil Haslett retweeted
🍾 Congrats to @circle (NYSE: CRCL) on their #IPO today! @EquityZen & our investors proudly backed Circle since 2017, supporting growth & shareholder liquidity. Investors joined pre-IPO from $2-$24/share, as low as $5K. Excited for their public success!
Phil Haslett retweeted
Thanks to @EquityZen founder @haslettp, investors @TurnerNovak, @mmurph and @ravi_vis, and a bunch of others for talking to me for this story.
upstartsmedia.com/p/the-star…
United: Starlink coming in 2025!
Delta: our wifi will get you arrested
Phil Haslett retweeted
Say hello to EquityZen's Private Market Map and Market Score! 📊 Accredited investors can join and view on the EquityZen platform. Explore now! ezen.fyi/4frowVI
#EquityZen #Investing #PrivateMarket
Attaboy Tyler! cc @know_carry
Phil Haslett retweeted
@rubrikInc as a traditional SaaS company will serve as a better comparison for other tech companies evaluating whether to go public in 2024 than other recent IPOs explains @haslettp.
More on Rubrik's IPO @FortuneMagazine
bit.ly/4419Hnm
#IPOAlert #rubrikIPO #IPOs
Phil Haslett retweeted
📰 There was a lot to glean from Reddit's S-1 & we covered a lot of it @BloombergTV.
From secondary trades to retail interest, find out more from @brilynch_'s conversation w/ @CarolineHydeTV here.
bloom.bg/3T8U1KX
#redditIPO #IPOnews #secondarymarket
Phil Haslett retweeted
"Many private companies are putting the pieces together to IPO. They're ready to IPO. Look at @Reddit a 19 year old co. There's both a liquidity & an access need from retail investors. If Reddit goes well others will follow."bloom.bg/3ScCVdA @brilynch_ @BloombergTV
I'd love to meet the person at @Amerisleep that thought this was a good idea for a model name: the AS5 Mattress
