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It seems likely that the FTX creditors will be made whole or nearly whole. This is in large part due to FTX's investment in Anthropic that did a 5X[1]. 1: http
by tornato7 3y ago
It seems likely that the FTX creditors will be made whole or nearly whole. This is in large part due to FTX's investment in Anthropic that did a 5X[1].
1: https://coinscreed.com/ftx-creditor-claims-break-50c-as-buyers-made-whole.html https://coinscreed.com/ftx-creditor-claims-break-50c-as-buye...
- deleted 3y ago[deleted]
- glenngillen 3y agoThis might well be true, but it’s not the slam dunk people seem to be treating it as. A private investment round can be negotiated by as few as two people agreeing on a price. It says nothing about the market clearing price for any other investment or sale like it does with a public market transaction. Public markets give you an order book of other competing offers where you can make some reasonable assumptions about how much you could sell at which price if you wanted to liquidate. There may be no other buyer for Anthropic at or near the current price. Conversely, it’s a private company and scarcity of opportunity to get in is also a thing. So it’s entirely possible someone will pay more than the previous round just to get in. Basically we don’t know until the investment bankers have done their jobs.
- gfsdgfsdgfeds2 3y agoHow is it "very likely" when most startups fail?
- timack 3y agoAnthropic is still in private investment phase, lets not forget WeWork was "worth" $45B at one stage.
- datavirtue 3y agoGood luck cashing that out.