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Frederik, CEO & Co-founder of Secfi - the Startup Employee’s Pre-Wealth Advisor (EP.248)

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Manage episode 359964489 series 2660277
Content provided by Panic with Friends. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Panic with Friends or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

I’m really, really excited to have Frederik Mijnhardt, the CEO and Co-founder of Secfi on Panic today. Frederik and Secfi (Social Leverage Fund III) are an incredible educational resource and service for founders and startup employees. I’ve talked about, tweeted about, and written about how important it is for those early startup employees to deal with liquidity and things like exercising their options in a tax-efficient way. Startup equity is complex. COVID had many startup employees learning the hard way – and more recently with the Series I at Stripe, noted for both its size, and its tender offer coming in at 50 percent lower than the previous round. As we continue to see more of these “down rounds” and lackluster IPO windows, Frederik and his team are helping employees make the most of their equity and make more informed decisions. I’ll say it again – this is an important topic so please forward this to anyone you know that founded or works at a startup – whether it’s a company that has just raised a seed round or a company on its way to an IPO.

Guest - Frederik Mijnhardt, CEO and Co-Founder at SecFi

howardlindzon.com, secfi.com

Twitter: @howardlindzon, @AFMijnhardt, @AskSecfi, @PanicwFriends, @knutjensen

linkedin.com/in/mijnhardt

#fintech #invest #investment #venturecapital #stockmarket #finance

Show Notes:

  • Introduction. (00:37)
  • Welcome Frederik (08:07)
  • About Secfi (08:36)
  • The Stripe case (09:18)
  • How startup employees should think (13:39)
  • Thoughts for founders (17:00)
  • Investing in an up market (19:18)
  • Exercising your options (19:50)
  • Tax traps (21:38)
  • Educating employees (22:42)
  • Transparency (First time founders v. serial entrepreneurs) (24:08)
  • Problems in the industry (24:46)
  • Software company multiples (26:43)
  • Watching your money (28:43)
  • The next bull market (33:34)
  • Wealthy on paper (35:16)
  • Employee equity by country (37:28)
  • Great companies are built in a downturn (43:40)
  • Wrapping up (45:14)
  • Closing thoughts. (46:30)
  continue reading

292 episodes

Artwork
iconShare
 

Archived series ("Inactive feed" status)

When? This feed was archived on February 27, 2024 10:08 (7M ago). Last successful fetch was on October 05, 2023 16:25 (12M ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 359964489 series 2660277
Content provided by Panic with Friends. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Panic with Friends or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

I’m really, really excited to have Frederik Mijnhardt, the CEO and Co-founder of Secfi on Panic today. Frederik and Secfi (Social Leverage Fund III) are an incredible educational resource and service for founders and startup employees. I’ve talked about, tweeted about, and written about how important it is for those early startup employees to deal with liquidity and things like exercising their options in a tax-efficient way. Startup equity is complex. COVID had many startup employees learning the hard way – and more recently with the Series I at Stripe, noted for both its size, and its tender offer coming in at 50 percent lower than the previous round. As we continue to see more of these “down rounds” and lackluster IPO windows, Frederik and his team are helping employees make the most of their equity and make more informed decisions. I’ll say it again – this is an important topic so please forward this to anyone you know that founded or works at a startup – whether it’s a company that has just raised a seed round or a company on its way to an IPO.

Guest - Frederik Mijnhardt, CEO and Co-Founder at SecFi

howardlindzon.com, secfi.com

Twitter: @howardlindzon, @AFMijnhardt, @AskSecfi, @PanicwFriends, @knutjensen

linkedin.com/in/mijnhardt

#fintech #invest #investment #venturecapital #stockmarket #finance

Show Notes:

  • Introduction. (00:37)
  • Welcome Frederik (08:07)
  • About Secfi (08:36)
  • The Stripe case (09:18)
  • How startup employees should think (13:39)
  • Thoughts for founders (17:00)
  • Investing in an up market (19:18)
  • Exercising your options (19:50)
  • Tax traps (21:38)
  • Educating employees (22:42)
  • Transparency (First time founders v. serial entrepreneurs) (24:08)
  • Problems in the industry (24:46)
  • Software company multiples (26:43)
  • Watching your money (28:43)
  • The next bull market (33:34)
  • Wealthy on paper (35:16)
  • Employee equity by country (37:28)
  • Great companies are built in a downturn (43:40)
  • Wrapping up (45:14)
  • Closing thoughts. (46:30)
  continue reading

292 episodes

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