• Quid raises $320M to loan money to startup employees using their equity as collateral

    12 days ago - By Tech Crunch

    Startups that take time to scale before going public or getting acquired can represent big, if long-term, returns for employees that hold equity in them. Big, because tech companies have proven to be some of the most valuable in the world when it comes to exits; long-term, because it might take years for a startup to have a liquidity event to give those equity-holding employees some money off the table.
    Today, a company called Quid , which has built a business out of giving those employees another option - taking out loans and using their equity as collateral - is announcing a new fund to...
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