Do people here have any thoughts/advice on which of these loan companies to use when looking to get $500k - $1M of liquidity from some pre-IPO stock? Their ratres remind me of pay-day loans, like getting $500k of cash now would require like paying them back about $800k after one year. But still that might be less of a loss than just selling the stock early. Thoughts on which company/strategy blinders found to be best for such a scenario? #esofund #secfi #quid
I liked ESOFund the most. You’re right it’s not cheap money but you lock in a win and limit downside. Esofund needed nothing from my company and were the quickest to underwrite - literally a few hours. I took out $600k with $200k going to exercise and pay AMT.
Secfi is not a loan. You don’t have to pay them back if your company doesn’t exit. So you have no downside risk and a large upside potential (even after their fees) if your company exits. So you’re paying to limit your risk and maximize your gain
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Esofund. Talk to them