Because the startup company issuing the securities is private, you cannot sell your securities on the public market, making it potentially difficult to find a buyer.
In fact, you are restricted from reselling your securities in the first 12 months post closing of the offering, unless the shares are transferred:
Any transfer during this period is still subject to state and foreign laws.
You should know that there may be no market for the securities after the initial 12 month restricted period. Once the 12 month restricted period ends, any sale or disposition of the securities you hold must comply with applicable federal, state and foreign laws.
It is important that you only invest capital with the expectation of holding your investment for an indefinite period of time, and with the real risk of a total loss of your investment in mind. Only invest an amount you can afford to lose without changing your lifestyle.
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