[onlyrealcuzzo]

Spreading illiquid wealth *

[gk1]

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]

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

[BhavdeepSethi]

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

[yieldcrv]

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]

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

[yieldcrv]

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]

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