[zhoBEENG]

The current astronomical valuations push even those people with the highest risk tolerances toward diversifying. Even if you assume with 100% certainty that the AI sector will be the end-game of capitalism, you can't assume that your company will succeed. Better to hedge your bets and sell part of your company, buying shares in all your competitors with the proceeds.

Using a dual class stock structure, you could even retain complete control of your own company while gaining partial or complete control of others with the proceeds of the IPO. My understanding is that private companies usually don't have dual class share structures until they are preparing to IPO. By IPOing in this manner, you are giving patronage to the investing public without ceding control of the company's assets and operations, in exchange for a boatload of cash right now.