david (@davidtollemache) header
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London, England
Joined February 2025
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mid teens yield, backed by equity in the best private companies in the world, in a dollar you can move on @CurveFinance that's USDte and this is Techdollar
We're heading to @CurveFinance Techdollar is proposing to add the USDte/USDT pool on Ethereum to the Gauge Controller, which would give USDte a deep, public on-chain market next to mint and redemption. Read it and weigh in: gov.curve.finance/t/proposal…
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Borrowing against private shares is about to go mainstream and here’s why: There is now $5.3 trillion of value sitting in private companies that cannot or will not list. The median company goes public at 14 years old. By Series C, employees collectively own more of the company than the founders. And for private startup employees, stock can be as much as 86% of net worth. Thank you @PranavKiranBV for the article
Mega-IPOs broaden appeal of tycoon wealth tactics - tinyurl.com/4jfu6726 @PranavKiranBV
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david retweeted
Sources: Ramp raised about $1.85B led by Dragoneer and Thrive Capital at a $60B pre-money valuation, up from $44B in June, when it raised $750M (@rebeccatorrenc5 / Bloomberg) (Visit Techmeme dot com for the link and full context!)
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Providing equity is a company's best employee retention tool that's never spendable. "Make that wealth not something that only exists on Carta," urges @terrry "Make them rich, or at least richer. Not with more salary, not with more equity, but with liquidity." The conventional way to turn that equity into cash is selling it on the secondary market. Inefficient and public. "It comes with bad signaling, big discount, tax bills and strangers on your cap table." Founder of @techdollarhq on the live show yesterday.
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"The guys shifting blocks are f*ing up the cap table. You have founders that don't know who owns what" @terrry founder of @techdollarhq exposes the messy truth behind pre-IPO secondaries: "The problem with these guys walking around bragging, shifting blocks, they're restructuring the hell out of the cap table." "Founders don't know who owns what. You saw the Anthropic news ages ago, everyone's rolling everything into an SPV." "That's happening because you have employees staring at 7 or 8 figures of wealth, and a bunch of guys who want to move blocks." "There's always a willing buyer and a willing seller, whether the founders and boards like it or not."
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We’ve been working hard to add more companies to Techdollar and now we have 300+ listed. If you hold vested equity in a private company, you can likely unlock liquidity today. Link in comments
Your equity is more liquid than you think 300+ companies are now accepted for credit unlocks on Techdollar
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Terrence breaking it down at the NYSE for @FINTECHTVglobal @terrry 👏 👏 👏
The average time to IPO has stretched from 5 to 6 years to around 11, leaving employees "paper rich" but unable to afford things like a down payment or tuition. @terrry of @techdollarhq tells @JD_Durkin he's building the credit layer for private markets, since "no one's built the plumbing" for employees to borrow against equity that's "hardening as collateral" across frontier AI, robotics, and chip companies.
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Revolut confirms $115B valuation in secondary sale, increasing from $45B just two years ago. In 2016, 433 everyday investors put £1M into Revolut on Crowdcube at a £42M valuation. That stake is worth roughly $2B today, over 1,000x for those who held. Congratulations to the early employees and investors who saw the opportunity, helped build the company, and had the conviction to keep holding. They’re now sitting on significant paper wealth. This is exactly what @techdollarhq is built for. Equity in motion.
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stripe, a private company, just made a $53b bid for paypal normally, companies would go public long before they were large enough to become acquirers at such scale now, the acquirers are staying private
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and the tender history shows the cost of selling stripe: anyone who took the feb 2025 tender at $91.5B watched the Feb 2026 one print at $159B they sold and gave up 74% upside in twelve months.
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Everyone’s building tools to sell your equity. We built one so you don’t have to.
You earned your equity Now see what it can do We built Techdollar because life shouldn’t have to wait for an IPO Access liquidity without selling your pre-IPO shares
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UK startups have raised $17bn so far in 2026. These are the biggest rounds to date: > Isomorphic Labs – $2.1bn > Nscale – $2.0bn > Wayve – $1.2bn > Ineffable Intelligence – $1.1bn > Recursive – $650m > ElevenLabs – $500m > CuspAI – $400m > Oxford Quantum Circuits (OQC) – $350m > PhysicsX – $300m > CellCentric – $220m > OLIX – $220m > Fractile – $220m These are HUGE rounds across AI, chips, and quantum. The UK is COOKING. Slide taken from @dealroomco's latest innovation report!
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Now you can borrow against your private equity wealth. No sale. No tax event. No four-week bank process. Your equity keeps compounding while you get on with life.
New names, same terms: your equity stays yours, cash lands in days. Get liquid.
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H1 2026: $392B into North American startups. For scale, that’s more than the annual VC total for any year in history, except 2021.
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