VC Cafe

JANUARY 14, 2022

The government set a goal to increase the percentage of people employed in tech t0 15% but it cannot be achieved overnight. Both employees and investors typically have a 6 month lock up period (exceptions apply of course) so this can have devastating effects on liquidity and retruns. Strong foundations.

Israel 158

Israel Technical Review Lock-up Period South Korea 158

Kodorra

JANUARY 4, 2019

Governance for ICO can be relatively loose in countries such as Singapore as long as there is a real use of the ICO token or coin in the blockchain system that the company envisages. Because regulation and governance are tighter around securities, so is liquidity. By piggy-backing the project on a cryptocurrency exchange.

Securities and Exchange Commission 40

Securities and Exchange Commission Technical Review Lock-up Period Accredited Investor 40

Haystack

DECEMBER 28, 2019

Or, the burgeoning private markets, which now fuel private companies with so much cash there’s been a new push to go for “Direct Listings” as companies become publicly-traded, allowing more shareholders to trade freely quicker without traditional lock-up periods? Or, it’s perhaps the conundrum of the U.S.

China 146

China Startup Lock-up Period Cap Table 146