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Artwork for Liquid

Liquid

Quentin Nickmans

Liquid is a newsletter by Quentin Nickmans, co-founder of Hexa, exploring how investors and founders can turn paper value into real outcomes.

Platform
Substack
PricingOnly free issuesPublishesInfrequently
Issues2SubscribersRead qnickmans.substack.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

Is founder liquidity the enemy of company growth?

We usually put equity transactions in one of two brackets: either an investment for growth or an exit event (creating liquidity). One means doubling down, the other means cashing out. But what if equity transactions could more systematicall...

3 months ago
6
2

Venture is rich on paper - poor in cash

When I started Hexa, a typical exit of a venture-backed startup took seven years. Today, it’s become “normal” to wait ten, twelve or even more years for a first liquidity event.

4 months ago
21
5

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Authors

The writers behind this newsletter.

  • Quentin Nickmans

    Co-founder of Hexa, passionate about Tech and entrepreneurship. Exploring how investors and founders can turn paper value into real outcomes. Through conversations with people on the ground, I explore what might help unlock venture's flywheel again.

  • Frequently Asked Questions

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