Does AngelList distribute stock when a portfolio company goes public?

Public shares received by a fund or SPV in connection with an exit event often are restricted or under lock-up. Once restrictions are lifted on the shares, the decision to liquidate the shares or offer an in-kind election is made at the discretion of the GP.


When a fund or SPV offers the option to receive shares in-kind, LPs receive a notification at the e-mail address associated with their AngelList account.  An in-kind election occurs on the AngelList platform where an LP can decide to elect either cash (liquidated share proceeds) or the transfer of their consideration of shares in-kind. If electing to receive shares, LPs need to make their election on the AngelList platform and provide brokerage account information in the name of their investing entity.

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