Say no to early liquidity

“Compound interest is the eighth wonder of the world; never interrupt it unnecessarily.” – Charlie Munger Summary: Say no to secondary offers to buy your investments unless you can return your fund for a small piece of the stock. Instead, consider doubling down with your pro rata. Offers are a signal to hold onto the investment—not sell it. Selling early eliminates the startups at the head of the power law. If an investment is doing well, people will try to buy it from you. Say ‘no’ unless you can return your fund for a small piece of the stock. The...
Say no to early liquidity