8 ms·
> if your company isn't just blowing smoke then you have nothing to worry about Not really. Plenty of solid companies have to wring their hands around IPO timi
by JumpCrisscross 4mo ago
> if your company isn't just blowing smoke then you have nothing to worry about
Not really. Plenty of solid companies have to wring their hands around IPO timing based on market conditions. Sometimes, this is due to valuation multiples. Sometimes it's due to fads, e.g. investors preferring capital-structure efficiency versus low leverage.
- dminik 4mo agoI mean, my comment wasn't necessarily meant to be some insightful analysis. But I do find it weird that OpenAI has seemingly gone from racing Anthropic to "maybe in 6 months" in the span of a week.
- JumpCrisscross 4mo ago> OpenAI has seemingly gone from racing Anthropic to "maybe in 6 months" in the span of a week When was the last time someone seriously asked if OpenAI was going to go public before Anthropic? For me, it's been at least months, maybe closer to a year. The corporate-governance complexity drove half of that, momentum the other half, and messaging from both companies having been consistent with that timeline for months sealed the deal.
- dminik 4mo agoI mean, they did the "confidential S1 filing" thing a few days apart. Anthropic on 1st June: https://www.anthropic.com/news/confidential-draft-s1-sec https://www.anthropic.com/news/confidential-draft-s1-sec OpenAI shortly before June 8: https://openai.com/index/openai-submits-confidential-s-1/ https://openai.com/index/openai-submits-confidential-s-1/ That was less than a month ago. They seemed to be on a similar pace at least from my point of view.