Jeff Le Sage, Founding Partner at Liquid Stock, recently sat down with T.J. van Gerven, host of the Do More With Your Money Podcast, where they discussed all things Liquid Stock including:

  • Liquid Stock’s value proposition for private company equity holders and long-term vision
  • Advantages of Liquid Stock’s solutions for founders, employees, option holders, and companies 
  • 409A valuation considerations
  • Real-life examples of private shareholders who have tapped Liquid Stock as a solution
  • Why Liquid Stock’s non-recourse1 structured secondaries are a great alternative to recourse loans


The Do More With Your Money podcast teaches listeners how to optimize taxes, invest strategically, and plan for financial flexibility and long-term independence.

You can watch or listen to the full episode here:

This blog post and the podcast episode linked herein is intended for general informational and education purposes only.  Liquid Capital Management, LLC (together with its affiliates, “Liquid Stock”) makes no representations as to the accuracy of information in this post, and no representations or guarantees as to specific outcomes from relying on this post. No content in this post or the podcast is intended or should be construed as tax, investment, legal or accounting advice by Liquid Stock, or as an offer to sell or solicitation of interest to purchase any securities offered by Liquid Stock. Liquid Stock does not provide tax or other financial, legal or regulatory advice to its transaction counterparties. Always consult with your investment, tax, and legal advisors before making important financial decisions. The terms of any Liquid Stock transaction may vary. Outcomes (including financial and tax outcomes) of any transaction will depend on factors including the timing and value of any liquidity event.  While reasonable steps have been taken to ensure that the information herein and in the podcast is accurate and up to date, no liability can be accepted for any errors or omissions. All views and information contained herein are as of the date hereof and subject to change. Views and opinions presented are those of the author. Information contained in third-party links has not been independently verified by Liquid Stock and inclusion of such links should not be interpreted as an endorsement or confirmation of the content therein. Prospective investors considering an investment in a Liquid Stock fund should not consider this content as fund marketing material.

1 As used here, “non-recourse” means that a transaction counterparty is not personally liable for the difference between the value of the advance made to the counterparty and the value of the collateral shares upon a liquidity event or upon such other time(s) as defined in the transaction agreement, if the value of the collateral shares is less than the advance or other amount owed. In Liquid Stock transactions, the Counterparty will be personally liable in certain enumerated “Events of Default” defined in the applicable transaction agreement. These events include but are not limited to, failure to pay amounts owed under the agreement when due, breach of representations and covenants, and transfer of collateral shares in violation of the transaction agreement. Following such an “Event of Default” a transaction counterparty may be personally liable for the entire amount due under the agreement, even if it exceeds the value of the collateral shares.