00:36 | How to buy SpaceX stock in the private stock market
- Purchased at $101.75 … no individual can buy at a lower price right now
- Buying a pre-IPO stock is similar effort to buying a house; a lot of parties involved, a lot of steps, 2-4 month process in total
- How to get price discovery in the secondary market on SpaceX stock
- How to perform counterparty due diligence when buying SpaceX stock
- Best practices when using brokers to buy SpaceX stock
12:31 | Private stock market price discovery
- Multiple offers from sellers, market data, last primary round, 409a
- SPVs; single-layer, double-layer and management fees, carry, subscription fees and broker commissions … what and how to negotiate fees
- Importance of SPV general partner due diligence
21:31 | Key considerations for 1st time private stock market buyers
- Always get “proof of shares”
- Avoid upfront fees as much as possible (a 2.00% management fee means 20% is paid upfront and not invested into the stock)
- All fees are negotiable
- Guage executing at a fair price now vs letting the market move on you and being forced to enter at a higher price
29:28 | Current opportunity in private stock market
- 20% to 25% annualized returns over a 3 to 5 year investment period is the goal
- Late stage VC-backed companies have a different risk-return profile vs seed/Series A VC; much better risk-adjusted return in my opinion
- Private stock market is informing IPO prices; tech CEOs call brokers and VCs to see where they would buy the stock on the private secondary market
- Financial advisors can offer pre-IPO stock funds to increase share of wallet with their current clients, facilitate referrals from their existing clients, and attract new households
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By AG Dillon & Co
4.4
88 ratings
00:36 | How to buy SpaceX stock in the private stock market
- Purchased at $101.75 … no individual can buy at a lower price right now
- Buying a pre-IPO stock is similar effort to buying a house; a lot of parties involved, a lot of steps, 2-4 month process in total
- How to get price discovery in the secondary market on SpaceX stock
- How to perform counterparty due diligence when buying SpaceX stock
- Best practices when using brokers to buy SpaceX stock
12:31 | Private stock market price discovery
- Multiple offers from sellers, market data, last primary round, 409a
- SPVs; single-layer, double-layer and management fees, carry, subscription fees and broker commissions … what and how to negotiate fees
- Importance of SPV general partner due diligence
21:31 | Key considerations for 1st time private stock market buyers
- Always get “proof of shares”
- Avoid upfront fees as much as possible (a 2.00% management fee means 20% is paid upfront and not invested into the stock)
- All fees are negotiable
- Guage executing at a fair price now vs letting the market move on you and being forced to enter at a higher price
29:28 | Current opportunity in private stock market
- 20% to 25% annualized returns over a 3 to 5 year investment period is the goal
- Late stage VC-backed companies have a different risk-return profile vs seed/Series A VC; much better risk-adjusted return in my opinion
- Private stock market is informing IPO prices; tech CEOs call brokers and VCs to see where they would buy the stock on the private secondary market
- Financial advisors can offer pre-IPO stock funds to increase share of wallet with their current clients, facilitate referrals from their existing clients, and attract new households
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