What is Secondary Sale?
A sale of existing shares from one holder to another, such as an early employee selling to a new investor. The company itself gets no new money, so ownership changes while its cash stays the same.
10 blocks before and after · $0 to company
In a secondary sale…
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In real work
In a secondary sale, an early engineer sold $200,000 of her shares to a new investor, and none of that money went to the company.
In the illustration
The press stays idle and the company till stays shut. One existing block slides along the transfer rail from the founder's row to a new buyer's row, and the buyer's coin drops into the tray on the founder's row: 10 blocks on the rack before and after.
Explain the secondary sale offer below in your deal notebook: who is selling, who is buying, the price against the last round and where the money goes. List what to confirm with the company.
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