EXPLORE PRE-IPO INVESTMENTS

Patience is part of the investment.

Before considering any private opportunity, ask what a long holding period and a potential total loss would mean for your broader plans.

Portfolio context

Long holding periods

Map your foreseeable cash needs before committing to an investment you may be unable to sell. An expected IPO date is not a dependable cash-flow assumption.

Read: Place the private investment in the bigger picture ↗Ask about portfolio context

Liquidity planning

Concentrated exposure

Look across employer stock, public holdings, funds, and private positions for overlapping economic exposure. A new legal wrapper does not guarantee diversification.

Read: Plan for an investment you may not be able to sell ↗Ask about liquidity planning

Due diligence

Layers of fees

Request a full explanation of acquisition costs, recurring expenses, carried interest, and exit costs. Use scenario analysis without treating any scenario as a forecast.

Read: Follow every layer of the investment economics ↗Ask about due diligence

Editorial illustration of business owners reviewing documents together

TAKE THE NEXT STEP

Make room for a better-informed decision.

Discuss my research questions