“I wouldn’t want to be in your shoes" - that’s what everybody told me. At some point I started to doubt myself. Now we are winning again. In the last 12 months, Equitybee grew 6x. Every quarter has set a new record. We’ve outperformed our optimistic projections, all while operating at just ~30% of our former team size and cost. More efficient. More focused. Accelerating. But just a couple of years ago, it wasn’t working and we needed to turn the company around. It was hard, it was painful and maybe the hardest thing I have ever done. Early 2023, after the bubble burst, our investor community went silent, gross margins turned negative, and we were bleeding cash. I made the brutal decision to lay off many great team members, not once but twice within 3 months. I couldn’t eat, I couldn’t sleep, I kept waking up worrying about everything… our team, the employees we funded, the investors who funded them and trusted Equitybee, and the investors who trusted me and invested in Equitybee. I questioned myself, and our fundamental assumptions. We went back to first principles: 1. Do startup employees need Equitybee? - YES. Way more employees than we can handle, from the best companies kept approaching Equitybee seeking funding, and we have and still are part of nearly every major IPO and M&A. 2. Is it a good investment? YES. Equitybee has delivered 30%+ net realized IRR, and in DPI terms Equitybee outperformed the top 10% US funds across all vintages since inception (that’s still true for today - in the past 7 vintage years). 3. Can we secure investors at scale to fund these employees? This became our focus. First principle thinking helped us to regain the needed confidence and to be laser focused on #3, and leverage our unique strengths and track record to build a new institutional grade product - the Venture Market Fund (more details soon). Launched late 2023 and everything accelerated from there. Today, we’re growing faster than ever, more efficiently than ever, and delivering on our mission to empower startup employees. It’s still hard. Startups are hard. Clarity, focus, and first-principle thinking turned everything around. We are building something great @odedgolan @EquityBee

At @Equitybee, we track major VC-backed liquidity events as part of our day-to-day. Now, for the first time, we’re sharing that list publicly. Introducing our 2025 Mid-Year VC Liquidity Tracker: A breakdown of what’s already happened in venture this year - and what might come next. This isn’t just a recap. Alongside the 66 liquidity events already announced, we’re also publishing our Equitybee Watch List: Startups that are most likely to pursue IPOs, M&A, or tenders in the second half of 2025. Our lists are built using Equitybee proprietary data, combined with public market signals and external data sources - giving us a real-time, forward-looking view of venture liquidity. What’s inside: * 66 tracked exits (28 tenders, 23 M&As, 11 IPOs, 4 dividends) * 46 of these events involved startup employees funded through the Equitybee Platform (70%) * ~$67B in M&A volume, ~$169B in IPO market cap * Plus: 45+ companies on our Watch List for the rest of 2025 We built this for ourselves, to help our team and platform investors stay informed and ahead of the curve. Now we’re making it public. 📊Explore the live tracker & Watch List: 👉 equitybee.com/2025-vc-liquid… Notable late-stage VC-backed exit we missed? Drop it in the comments… we’re tracking. #VC #startups #liquidity #IPOs #MergersAndAcquisitions #Secondaries #Equitybee #WatchList

Congratulations to @ServiceTitan on a remarkable IPO! We’re proud of the startup employees and our @EquityBee investors who seized their share options early—turning initial exercise prices of $8–$41 into a share price soaring past $100 today. Here’s to building and sharing in success! So, who’s next? Which companies do you expect to go public in 2025?

Klaviyo’s IPO is considered one of the first major tech IPO since the 2021 tech bubble burst. They went public on September 20, 2023. If you had bought their stock at the IPO price and sold it today (~$40), your ROI would be around ~10%, with an IRR of just over 8%. Not great… Startups are staying private longer, generating majority of appreciation in share price before their IPO @EquityBee investors who backed @klaviyo employees while it was still private - achieved IRRs ranging from 33% to an impressive 118%, with an average net IRR of ~76% and a net MOIC of 1.82x. The numbers speak for themselves. On top of these great returns, these investments supported Klaviyo employees, enabling them to share in the company’s success. This kind of collaboration results in a true WIN-WIN for investors and employees alike. See the complete case study equitybee.com/klaviyo-case-s… #vc #investments

1/4 The risk of taking LOANS against your stock options - in the chatter again. In their recent episode the guys at the @theallinpod perfectly articulated the risks, and why you should avoid it.