Week 3 of sharing interesting web3 projects you probably never heard about:
@techdollarhq.
Techdollar lets founders, employees, investors, and family offices borrow against private company equity without having to sell their shares.
$SPCX (
@SpaceX) is reportedly targeting a valuation around $1.75T for its IPO, showing just how large private tech equity has become.
But there is a big difference between being rich on paper and having actual liquidity.
A founder or early employee can hold shares worth millions, sometimes tens of millions, while still having limited ability to access that wealth before an IPO, acquisition, or secondary sale. The equity is valuable, but it is not liquid.
Techdollar is trying to build a credit layer around that.
Instead of forcing people to sell ownership, borrowers can use private company equity as collateral and access liquidity through structured lending.
A founder could unlock liquidity for personal expenses without selling shares too early. An employee could borrow against vested equity while keeping upside exposure. A family office or investor could access liquidity around private market positions without waiting for a traditional secondary transaction.
What makes this interesting is the market it targets.
Private company equity is still slow, manual, and relationship-driven. Valuations are opaque, transfer restrictions are messy, and liquidity usually depends on access to the right buyers.
Lending in crypto has mostly focused on liquid tokens.
Techdollar is trying to bring similar capital efficiency to one of the most illiquid parts of private markets.