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OpenAI offers 17.5% on venture deal! How can it do that? (pivot-to-ai.com)

submitted 2 days ago by dgerard@awful.systems to c/techtakes@awful.systems

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By not guaranteeing it in any way

https://www.youtube.com/watch?v=C2Wp5ZUg1yo&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260330-openai-offers-a-175-return-on-a-venture-deal-how-can-it-do-that - podcast

time: 4 min 47 sec

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[–] CinnasVerses@awful.systems 7 points 1 day ago* (last edited 1 day ago) (1 children)

It is a pity that we are not going to see a Bits about Money article on OpenAI since Patrick MacKenzie is Basilisk-curious.

If OpenAI goes public with a lot of preferred shares liability, smart money is going to be reluctant to buy.

[–] samvines@awful.systems 2 points 1 day ago* (last edited 1 day ago)

Absolutely but MeeMaw read in the paper that OpenAI is the future of all work and jobs and they're gonna make $$$$$ so she's investiging her 401k (sorry I'm bri'ish so I don't know if that makes sense but the point I'm trying to make is that they will absolutely find bag holders in retail investors once they IPO)