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🙋‍♀️Employee at a Private Tech Company? 🙋‍♀️

Selling your equity is was tough. With EquityZen, swapping your private shares for cash is simple - no lawyers or mountains of paperwork.

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So is it essentially some legal magic where investors pay for a contract with the equity holder in exchange for money up front? (Investor gets rights to all profits in the event of a sale, but equity doesn't actually change hands until a change of control/liquidity event as usual?)
@staringispolite : yes, pretty much. I discussed it with my uncle, who works for the London stock exchange. He said how they would refer to it is that you're trading on a derivative of the stock; rather than magic ;)
These guys are really awesome. Tackling a big problem (lack of options for generating liquidity in pre-IPO companies). There used to be things like SecondMarket, but that is now completely flopping (pivoting to do something in bitcoin I heard), as companies don't want random people on their cap table. I think EquityZen has the potential to be huge in the future.
This sounds great. Guessing the company needs to OK this before employees do this, or is it not needed b/c you're not actually selling your shares? Also, didn't hear SecondMarket was making a move to bitcoin stuff - I thought they were still doing a similar thing?
@KristoferTM - I won't pretend to know much about this but most companies have a right of first refusal (and probably other terms) to prevent employees from selling outside the company. I'm interested to learn more about this though.