Latest articles

A Dose of Reality

The war on drugs has become an arms race. In an effort to outpace the law, unregulated laboratories are creating thousands of psychedelic substances and selling them to unknowing partygoers.

Tucan Hotel in Costa Rica

Tucan Hotel is a backpackers dream but is also perfect for families who want to stay on a budget. The vibe of Tucan is everything to the guests and staff that stay here.

Employee Private Tender Offers: what information do companies need to disclose?

(Originally published for Founders Circle on January 8th, 2018) In order to conduct or facilitate a private tender offer, companies are often required to disclose confidential information they’re used to guarding closely. Because the potential sellers—usually employees—typically don’t have the same information as the buyer—usually a current institutional shareholder, a growth equity fund, or the…

A Brief History of Secondary Sales Stock Sales: from one-offs to employee tender offers

(Originally published for Founders Circle on February 20th, 2018)  In Silicon Valley, a tender offer that allows longtime employees at high-performing startups to get some liquidity is fast becoming an expected benefit. While secondary stock sales have always been possible, their popularity—and legitimacy—has soared in the past 10 years as successful companies put off IPOs in…