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That’s how it should be, spread the wealth.
by tomasphan 1y ago
That’s how it should be, spread the wealth.
- onlyrealcuzzo 1y agoSpreading illiquid wealth *
- BhavdeepSethi 1y agoFunny since they have a tender offer that hits their accounts on Oct 7.
- gk1 1y agoThey’ve had multiple secondary sales opportunities in the past few years, always at a higher valuation. By this point, if someone who’s been there >2 years hasn’t taken money off the table it’s most likely their decision. I don’t work there but know several early folks and I’m absolutely thrilled for them.
- chermi 1y agoSecondaries open to all shareholds are on upward trend across start-ups. I think it's a fantastic trend.
- Der_Einzige 1y agoOh no, "greedy" AI researchers defrauding way greedier VCs and billionaires!
- yieldcrv 1y agoprivate secondary markets are pretty liquid for momentum tech companies, there is an entire cottage industry of people making trusts to circumvent any transfer restrictions employees are very liquid if they want to be, or wait a year for the next 10x in valuation
- onlyrealcuzzo 1y agoOh, yes, next year OpenAI will be worth $5T, sure
- yieldcrv 1y agoI mean… if they do the same low float accounting that got them to the $500bn print, why not it’s just selling a few shares for any higher share price
- hlava 1y agoTo the top 1%.
- blitzar 1y ago0.0001%
- Hamuko 1y agoIt doesn't seem that spread out.
- lemonlearnings 1y ago3000x One person with 830k is comfortable living. Probably gets spent into general economy. 1x Person with billions probably gets spent in a way that fucks everyone over.