They may be wealthy on paper, but employees often can't access that windfall without a liquidity event like an IPO.
WeWork has put off an IPO, while AirBnb and Palantir have yet to announce plans. In the meantime, employees have much of their net worth tied up in the value of these companies.
A man enter the doors of the 'WeWork' co-operative co-working space on March 13, 2013 in Washington, DC.The delay of highly anticipated IPOs this year could cause financial headaches for employees who work there. "The psychological impact can be profound — people think 'oh my God I'm rich, or I'm finally going to be able to afford the house, or I'm going to be able to send my kids to college," said Siegel, who's also a partner at XSeed Capital. "It's not real until you have the ability to convert your equity into a different currency."
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