1)it is just an other way to sell if you absolutely need to sell, so it is good there is an other way to exit.
2) we invest here for some years (1,2 or 3), we know it and we are long.
3)everything has a cost, 3% or $5000 maximum is not so high compared to our growing shares value, the more we wait the more the value will be.
4) you dont need lawyers, the online "broker" provides service to the sellers, they take care of the transaction.
buyers dont need to have a networth value of $1million, it is not said.
"According to SharesPost, a startup simply needs to post the terms at which it wants to sell its shares -- identifying any transfer restrictions. If a buyer agrees to the terms, that buyer can create what's called a "form of agreement" for the transaction.
Once both parties have signed that contract digitally, the agreement is binding. SharesPost sends it to a bank, in this case U.S. Bank, which opens up an escrow account. The startup must deposit "evidence of ownership of its shares" and the buyer must put the purchase price and any other required fees and expenses into that account. SharesPost charges the seller a 3 percent per-transaction sales commission or $5,000, whichever is greater."
