The liquidity event can be achieved through an initial public offering (IPO) or complete sale of the venture.

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A liquidity event refers to a process that allows early investors in a company to cash out or liquidate their shares. This can be achieved through various means, including an Initial Public Offering (IPO), where a company's shares are offered to the public on a stock exchange for the first time, or through a complete sale of the venture, also known as an acquisition, where another company or entity buys out the venture, allowing investors to sell their shares.

The Liquidity Event Can Be Achieved Through an Initial Public