The employees/VCs of companies that IPOd in 1999, and early 2000 cashed out leaving bag holders. The companies that IPOd in 2000/2001 had a mixed bag. The six-month-lockup had many employees salivating but unable to cash out. It all depended on the timing of the thing. This time around there are private markets that apparently are allowing the employees to become liquid. Nevertheless, earlier is better for startups to IPO particularly when the tide appears to be turning.
The employees/VCs of companies that IPOd in 1999, and early 2000 cashed out leaving bag holders. The companies that IPOd in 2000/2001 had a mixed bag. The six-month-lockup had many employees salivating but unable to cash out. It all depended on the timing of the thing. This time around there are private markets that apparently are allowing the employees to become liquid. Nevertheless, earlier is better for startups to IPO particularly when the tide appears to be turning.