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To: chic_hearne who wrote (7255)7/30/2000 7:15:14 PM
From: Lizzie Tudor  Respond to of 436258
 
Do you know if pre-IPO companies allow their employees to buy additional shares before the IPO?

Not many like that really, since VC is so easy to come by these days. Sometimes companies will structure a deal where you forego some of your salary for more stock, which is kind of like buying it but thats all a negotiation thing up front.

What you want is a company with first round financing, then you can negotiate. Second round you can't really thats the problem.

I don't know what your area is but what I do is check some seed-round VC firms and whatever companies they put money in. If something looks good I check it out. One of these is sippl-macdonald ventures and also theres this new XML fund in seattle. But thats if you are enterprise software.

Sounds like you've already seen the reality though. Your cousin was really, really, extremely lucky. Thats all anybody hears about are the successes. You wouldn't believe all the junky companies out here. Or you could join a company that gets bought for 200mm or something. The CEO makes out ok in those, but the employees would be better off working at cisco. But getting bought for 200K is better than what happens to most of them.