Meeting of Sec Advisory Committee on Small and Emerging Companies
Employees Don't Demand It
ā
Private Liquidity Programs increasingly commonplace
Liquidity as a key to winning the "Talent Wars"
"Yelp announced that
private equity firm Elevation
Partners has agreed to make
a $25 million investment in
Yelp through the purchase of
Series E preferred stock [and
a] $100 million [investment]
through a planned purchase
of shares from vested
employees and other
eligible shareholders."
"This liquidity program will
allow our people to focus on
growing our business and
continuing to create value,"
Jack Ma, Alibaba's chief
executive, said in a statement.
"We believe the high-quality
investors making commitments
to this important program
share our mission and
philosophy, and we welcome
them as shareholders of the
company."
6
"Facebook announced that
Digital Sky Technologies (DST)
has made a $200 million
investment in exchange for a
preferred stock, representing a
1.96 percent equity stake at a
$10 billion valuation. DST...is
planning to offer to purchase
at least $100 million of
Facebook common stock from
existing common
stockholders..."
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