Word on town is OpenAI folks heavily selling shares in secondaries in 100s of millions.
The number is as real as someone else is willing to pay for them. Plenty of VCs willing to pay for it.
The number is as real as someone else is willing to pay for them. Plenty of VCs willing to pay for it.
[1] https://www.cnbc.com/2024/06/11/openai-insider-stock-sales-a...
OpenAI heavily restricts the selling of its "shares," which tends to come with management picking the winners and losers among its ESOs. Heavily, heavily discount an asset you cannot liquidate without someone's position, particularly if that person is your employer.