What is the ESO Secondary Fund?
We buy vested shares in leading private companies directly from the people who hold them: employees, founders, and early shareholders. That turns your equity into cash now, instead of waiting for an IPO or acquisition.
What does it cost to get an offer?
Nothing. Requesting an offer is free and comes with no obligation, and it takes about a minute. You only move forward if the numbers work for you.
Do I have to sell all of my shares?
No. You can sell part of your position and keep the rest. If we're only able to take part of what you hold, we'll tell you exactly how much up front.
What happens when I request an offer?
Share a few details about your grant and we'll send you a no-obligation offer. If it works for you, we lay out the full breakdown, what you'd receive, any exercise cost or taxes, and your net proceeds, so there are no surprises.
Is this a loan? Do I owe anything back?
No. Selling shares to us is a sale, not a loan, so there is nothing to repay. Once your sale is complete, the proceeds are yours to keep. Separately, if we finance an option exercise for you through our Option Fund, that financing is non-recourse: if the shares end up worthless, you owe nothing.
What happens if the company never goes public, or goes to zero?
Once your sale is complete, the proceeds are yours to keep regardless of how the company performs afterward. We hold the position and carry that risk.
Can I sell if I hold options or RSUs instead of shares?
Yes. For vested RSUs, once your units settle into shares we can buy them for cash. For options, we can fund the exercise cost and taxes and buy the resulting shares, so you still walk away with cash and none of the upfront cost.
What about taxes?
Selling shares or exercising options can have tax consequences. For option exercises we estimate the tax withholding conservatively and share a tax primer, but we're not tax advisors, and we always recommend confirming your situation with your own accountant.
What do you need from me to make an offer?
After a short NDA and equity-information step, we typically ask for view-only access to your equity records so we can verify your holdings from a trusted source, plus, for option deals, a quick confirmation of your estimated exercise taxes.
How long does the process take?
It depends on diligence and your company's own processing, so we won't quote a fixed date, but most deals move in a matter of weeks once we have what we need.
Is my information kept confidential?
Yes. Everything is covered by a mutual NDA, and we use your details only to prepare your offer.