Private Company Employees Tap Quid to Exercise Their Earned Equity, Circumventing Costly Out of Pocket Exercise Fees
03/03/2021 | 03:00pm EDT
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Quid, a smart liquidity tool for private stock shareholders, solves a common pain point for employees at high-growth startups: the inability to afford extremely expensive option exercise costs before an IPO. Before Quid, if employees wanted to exercise equity before an IPO, there were limited options for shareholders which meant they would likely have to absorb large tax payments and exercise fees out of pocket. This problem has plagued shareholders for decades and forced many private company employees to wait for an IPO to exercise. Quid’s shareholder-first solution allows employees to borrow against their private stock value without having to transfer or sell shares. This approach allows Quid borrowers access to the capital they need while having the ability to benefit from any share appreciatio