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Priced round is for indexing the value of stock being assigned to the pool.

If the founder has liquidity, before joining the pool, he would be joining the pool right?

Or did I misunderstand?

My question was a little different. FounderPool provides a lot of diversification (relative to shares in 1 company) and potentially, earlier liquidity. But if I’m able to sell shares into a funding round, don’t I get that anyway?

I’d get cash rather than shares in a fund (and later, cash), but for someone interested in doing this, getting cash seems like the goal and is still investable elsewhere.

So, why not take the shares I’d contribute to FounderPool and sell them into my B round? If I want outsized exposure to a small set of equities other than my own, I could invest that cash in 10 smaller public equities and still get high-variance outcomes - maybe I pick a future Shopify, probably I don’t - but for someone after liquidity anyway, that part doesn’t seem like a feature.

If you can sell shares on the open market, that's certainly a win, but it's likely to occur until series C and many boards may block secondary market sales as it competes with the company's own ability to raise capital.

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