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Cap Table & Equity
Secondary
A sale of existing shares (often founder or early-investor stock) rather than new shares issued by the company.
Why it matters
Lets founders take some money off the table before an exit; investors watch the size closely as a signal of commitment.
Hear it from people who've done it
Get the real-world version of "Secondary" drawn from hundreds of conversations with founders and investors.
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Episodes on Fundraising
Perspective X with Pauline Fetaui · 19 June 2026
She Lost the Company She Built — Not Herself: Yas Grigaliunas (Part 2)
Investment Thesis with Kali Norman · 12 June 2026
Taryn Pieterse of Rampersand — How a VC backs early-stage founders
Investment Thesis with Kali Norman · 29 May 2026
Episode Five: Dan Coughlan's Investment Thesis
Related terms
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