Your IPO Is Not Payday: Reading the Lock-Up Window
An IPO lock-up turns a startup exit into a staged liquidity schedule, so the first sellable date and amount matter more than the exit itself.

| Newest | Section | Read |
|---|---|---|
| Your IPO Is Not Payday: Reading the Lock-Up Window | Exits | 3 MIN |
| Pay-to-play bridge trap: how your stake shrinks | Fundraising Mechanics | 3 MIN |
| Before You Accept a YC Startup Offer, Run This 5-Step Equity Check | Equity | 4 MIN |
| Use Zuckerberg's Meta Stake to Check Your Founder Control Before Dilution Does It for You | Equity | 4 MIN |
| Map Nori's YC S26 Cap Table: The 5 Checks Founders and Investors Need Before the Next Raise | Equity | 4 MIN |
An IPO lock-up turns a startup exit into a staged liquidity schedule, so the first sellable date and amount matter more than the exit itself.

A pay-to-play bridge can force existing investors to add cash or lose rights, so check the penalty, discount, conversion price, forced list, and cap table.
A startup badge can make an offer feel bigger than the cap table; here is the five-step check to run before signing.
A trillion-dollar founder can still lose control in the boardroom; here is a simple scorecard to protect your cap table before dilution rewrites it.
Treat a hardware launch like a cap table, not a clean SaaS one, and check five items before the next raise.
A startup exit is a liquidity event, not a trophy: see who pays, when you get paid, and what your equity actually becomes.
A SAFE is a promise to convert, and the cap or discount is the price that decides how much ownership the investor gets.
Startup equity is a promise that may become cash, shrink, or never clear; run the five-point reality check before you sign.
The real cost of a convertible note is the lowest conversion price created by discount, interest, and cap, not the discount alone.
An allotment status assigns public shares; it does not make private startup equity liquid.