As companies have stayed private for longer, CEOs and founders have gotten savvier about letting early employees liquidate or diversify their holdings in their companies. With several of the heavily anticipated consumer IPOs savaged over the last year in public markets, later-stage companies might be more conservative in the near future about when to go public. That might be frustrating to employees, who have vested over four years. Allowing employees to sell stock is a retention strategy, albeit one that has to be carefully managed so people feel like they still have enough skin in the game ... Read More