Are angel investors, fund managers and even some retail investors getting in on the back end of privately held multibillion dollar startups by snatching up shares from employees and stockholders now?
A story published today by Fortune says yes, and names super-angel Chris Sacca as one of the more aggressive buyers in the space.
According to Fortune, Sacca has created two institutional investor-backed funds, Industry LLC and Lowercase RT, to quietly buy up Twitter shares from employees and preferred stockholders. Those funds are in turn part of a $30 million pool of buyout money that has allegedly been raised to focus exclusively on buying Twitter shares ahead of any impending initial public offering.
To read the full, original article click on this link: Investors take back-door tactics to get Twitter, Facebook shares on the cheap | VentureBeat
Author: Riley McDermid
