http://punctuative.com/2006/12/17/the-exit-fund-risk-management-for-risk-takers/ Thu, 28 Aug 2008 20:39:28 +0000 http://wordpress.org/?v=2.5.1 http://punctuative.com/2006/12/17/the-exit-fund-risk-management-for-risk-takers/#comment-225 Risk Pooling for Entrepreneurs, Part II at punctuative! Thu, 28 Dec 2006 22:22:32 +0000 http://punctuative.com/2006/12/17/the-exit-fund-risk-management-for-risk-takers/#comment-225 [...] As follow up to my Exit Fund idea, Isabel Wang proposed a private exchange that enables entrepreneurs to trade equity.  I think it’s a fascinating idea, likely one that’s been tossed around before (anyone?).  Of course there’s a ton of hurdles including pricing/valuation, security regulations, and others that I’m not even imagining, but it sure would be interesting.  Part of me feels an early-stage exchange (or rather, the act of exchanging equity at an early stage) is antithetical to the very notion of entrepreneurship, which often demands an “all-in” approach.  Another part of me believes risk-pooling could be an enormous boon to the startup community, whether it’s in the form of a private exchange or a selective pooling instrument such as the Exit Fund.  [...] [...] As follow up to my Exit Fund idea, Isabel Wang proposed a private exchange that enables entrepreneurs to trade equity.  I think it’s a fascinating idea, likely one that’s been tossed around before (anyone?).  Of course there’s a ton of hurdles including pricing/valuation, security regulations, and others that I’m not even imagining, but it sure would be interesting.  Part of me feels an early-stage exchange (or rather, the act of exchanging equity at an early stage) is antithetical to the very notion of entrepreneurship, which often demands an “all-in” approach.  Another part of me believes risk-pooling could be an enormous boon to the startup community, whether it’s in the form of a private exchange or a selective pooling instrument such as the Exit Fund.  [...]

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