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bix6today at 1:01 PM3 repliesview on HN

Source on the lockup for Cursor insiders?


Replies

ciktoday at 1:20 PM

Generally this is how liquidity works. Their employees will have a six or twelve month lock up (six being most common).

Investors in certrtain rounds (or sizes) tend to have no lockup, whereas later stages have a six month. Alternatively, I've reviewed agreements where the lockup is based on minimum market cap, but I've only seen that a couple of times.

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bilekastoday at 1:07 PM

This is just a general practice that always happens when paying in stock. It's to prevent a massive dump the next day which would tank the share price 'artificially'. Again, rich people's rules.

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UqWBcuFx6NV4rtoday at 1:06 PM

It can be inferred because it’s how things tend to work.

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