… No accreditation requirements and no carry,” Tenev said in the interview. “So just a competitive management fee, no carry — which, for those of you familiar with venture capital, typically, when you invest in a fund as an LP, you pay a management fee, but there’s also a carry of typically around 20… …
… That said, the secondary markets provide a glimpse into what investors are willing to pay. Anthropic recently surged to a $1 trillion valuation on Forge Global, a retail secondary market platform, surpassing OpenAI, which was recorded at around $880 billion in April. …
… We’ve spent the last few years really wondering if the IPO market was going to quote-unquote “open back up” after a lot of consternation about private markets, and mockery about people reaching their like Series whatever fundraising round. …
… As it is listed as another “future market,” there is little detail about how SpaceX plans to tackle this idea. Total control Make no mistake, this is Elon Musk’s company. Per the filing, Musk will be the CEO, CTO, and chairman of the SpaceX board after the IPO. …
… But despite Ahuja’s many years running Tesla’s finances, and a hot IPO market for anything remotely related to AI data centers, he tells TechCrunch that it’s “too early” to talk about going public. “Naturally, an IPO is a potential outcome for any private company, and we’ll talk about it when the t… …
… This essentially forced Anthropic to pull its latest all-powerful model from the market altogether. …
… Interestingly, this info about Anthropic’s alleged profitability dropped the same day as news broke about OpenAI likely filing for its IPO soon . …
… Silicon Valley’s leaders are rushing to embrace the power of media for the purposes of marketing and political capital. …
… The rule change is particularly relevant as SpaceX — which is expected to allocate unprecedented IPO share to retail investors — and a string of other buzzy and high-profile AI and tech startups begin queuing up for IPOs. …
… Then the IPO came. Rivian raised nearly $12 billion in gross proceeds after locking in $78 per share. Its market cap hit $100 billion when it debuted on Nasdaq in November 2021. …