Already an Angel? Become a VC in two working sessions, and we will invest in your fund. Seats close Sept 15.
Save My Free Seat
Cohort 22 launches September 10. Bring a founder, an angel, or an LP who belongs in the room. The VIP Launch Mixer is free and online.
Reserve a Spot
Previous Post
Next Post
0

Asked by

Community Member

on

in

General

How Can I Warehouse, Liquidate, or SPV $2mm in Bytedance RSUs That Don't Fit My Pre-Seed Fund Thesis?

Question about warehousing/liquidating/SPVing Bytedance RSUs a non-thesis holding that doesn't fit my pre-seed fund thesis I have about $2mm in Bytedance RSUs (assuming an implied valuation of $300B). Can't be sold on secondary because of restrictions but they can be transferred via 'forward contracts' that do something similar. I would like to either add to fund or liquidate some of those holdings in Bytedance (about $1m). What are my options? Should I offer this as an SPV on my own? Is there a way to collateralize for a loan the Bytedance RSUs (no bank will do it for these afaik)? Or do I just hold these?
1 See in Base
0

Answered by

Community Member

on

I can only give you advice form the perspective of the fund. Based on your explanation above, it will be very difficult/impossible to move into the fund. Also, since it’s off-thesis, it’s likely that it may not help that much in fundraising.

Join VC Lab

Raising your first fund? VC Lab has helped launch 950+ venture firms, with no fees and no equity taken. The average Start Fund reaches first close in 58 days.
Apply Now