gk1 a day ago

They’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 a day ago

    Secondaries open to all shareholds are on upward trend across start-ups. I think it's a fantastic trend.

BhavdeepSethi a day ago

Funny since they have a tender offer that hits their accounts on Oct 7.

yieldcrv a day ago

private 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 a day ago

    Oh, yes, next year OpenAI will be worth $5T, sure

    • yieldcrv 21 hours ago

      I 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

Der_Einzige a day ago

Oh no, "greedy" AI researchers defrauding way greedier VCs and billionaires!