WHEN SHOULD FOUNDERS SELL THEIR SHARES?

Summary from the TLDR Founders newsletter

Secondary sales hit $162 billion in 2024, up 45% from the previous year, with founders increasingly cashing out small portions during funding rounds - Revolut's CEO just sold $200-350 million while companies like Stripe, Databricks, and OpenAI run regular employee liquidity programs. The old taboo against founder secondaries has died because IPOs now take 10+ years, and founders need basic financial stability, but the key is moderation.