One of the neatest EchoSign integrations formally launched today: SharesPost + EchoSign. You can see coverage today in the Wall Street Journal, Mercury News and New York Times, and more.
SharesPost has created a truly exciting secondary market where corporations and qualified individuals can buy and sell shares in many of the hottest pre-public companies, including Facebook, Tesla, Twitter, and hundreds more.
To automate the contracts for the transactions, we're pleased that SharesPost turned to EchoSign to make the process as simple and efficient -- and automated -- as possible.
"Available today in public beta, SharesPost is poised to become the largest community for private equity transactions and the central hub for private company research and valuation data. By offering independent third-party research from Next Up! Research and VC Experts; escrow services from U.S. Bank; and electronic signature from EchoSign, SharesPost is providing the transparency and low-cost execution required to drive market liquidity. The SharesPost community has already seen an increasing number of new posts to buy and sell shares of some of today’s most exciting private companies, including Facebook, LinkedIn, SolarCity, Tesla Motors, eHarmony and more."
The first post-beta transaction was in green-chic Tesla Motors at $10 per share -- valuing Tesla at just over one billion dollars.
A few shares in EchoSign will be available shortly, valuation tbd. Proceeds will be donated to the Arbor Day Foundation.
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