How We Work
Our Approach
We are extremely discreet and respect the sensitivity of the engagement. Once engaged, we contact our buyers and market your securities, securing as many term sheets as possible with various terms. Our goal is to obtain the highest price with the best terms in the shortest time frame with the least intrusion on your time.
Additionally, we are well-versed with all of the proper legal documentation necessary to complete these transactions and will work very closely with your counsel and board members to ensure total compliance. There are several steps that we have mastered which include reviewing all shareholder agreements, retaining waivers from existing shareholders, and assessing the transferability and restrictions of your shares.
Engagement
We are extremely discreet and respect the sensitivity of the engagement from the very first conversation.
Marketing
Once engaged, we contact our buyers and market your securities, securing as many term sheets as possible with various terms.
Best Terms
Our goal is to obtain the highest price with the best terms in the shortest time frame with the least intrusion on your time.
Legal Compliance
We are well-versed with all proper legal documentation and work closely with your counsel and board members to ensure total compliance.
Motivations
Why Sell?
- Liquidity Diversification
- Capitalize on the progress of your company
- No lock-ups
- No disclosure requirements to the public markets
- No longer with the company
- Personal matters
Target Clients
How Do You Qualify?
NETCIRQ primarily focuses on venture-backed companies that are three to thirty-six months away from a potential liquidity event. A typical transaction size ranges from $500K to $50 million. It is helpful if the founder(s) is(are) still currently in management or are able to provide access to the management team for buyer due diligence.
Buyers
Who Buys Your Shares?
We market your transaction to institutional buyers who are able to invest in restricted secondary interests in common/preferred stock. NETCIRQ ensures the best price. There is no impact on the capitalization of your company as existing shares are simply being transferred.
Track Record
Who Has Done This?
The founders of Google, Salesforce.com, Craigslist, Facebook, Tesla Motors, Netflix, Carbonite and many others have all sold some of their stock when their companies were still private. Several of the aforementioned companies have closed their transactions through NETCIRQ.
Their venture backers include Benchmark, New Enterprise Associates, TCV, Accel Partners, ONSET, General Atlantic and Menlo Ventures.