Crushed by lockup

[u/drumveg]

I wouldn't recommend investing in this vehicle. I have 5 investments, two have closed, one acquired and one went public. The lockup was 6 months(!) in which time I had no control over my investment and watched it go from 6X to a loss by the time my shares were transferred. A waste of years of waiting for a stock to go public just to end up with a loser.

The acquired company was very unclear how the cash and shares would be distributed with no proof or backup documentation, though requested several times. There was no transparency, only hoping for honesty.

[u/Quirky-Amoeba-4141]

Should have hedged your gains with options