Would you rather sell at a devaluation and access liquidity or hope that next buy back allows you greater rewards?
To most employees, ESOPs becoming liquid is a big deal I think.
Great opportunity for folks who wanted to exit. But imo most folks are missing the forest for the trees.
This is 4th liquidity event in swiggy. Which in itself is a big thing for most startups. 30% discount is slightly higher but still considerable given the market dynamics.
Most people are liquidating
Managed to cash out atleast 25% of ESOPs (on average) up till now? This is a very important test of liquidity for our ecosystem. Its been almost 8 years of VC funded existence. Any thoughts on this?
Approx 2000 Swiggy folks are going to be like “Paisa hi Paisa”. Anyone here who will be benefiting from this??
Swiggy was valued at $10B a couple of months back. Good luck employees waiting for ESOP buy-back in July 2023. Your shares are now worth half of what it used to be!
https://www.moneycontrol.com/news/business/invesco-cuts-swiggys-valuati...
