Anthropic voids unauthorized secondary share trades
Anthropic has voided unauthorized secondary share trades. Both Anthropic and OpenAI are advancing toward public listings. Investor discussions center on the legitimacy of these transactions, which often route through three or more layered special purpose vehicles. The structures allow original shareholders to sell stakes indirectly without board approval. The same conversations address accredited investor requirements and disputes over pro-rata rights between seed and Series A backers.
I've seen a lot of people offer you to invest in private companies like OpenAI, Anthropic, SpaceX, Stripe etc and you should really avoid these offers I think
It's always like "yeah bro I know a way to invest I'll DM"
Then it always turns out be some 3 or more layered SPV (special purpose vehicle)
Which is essentially the original person who invested in them wants to sell his stock but legally can't (it requires board approval to sell and they usually won't allow you to, called right of first refusal (ROFR)) so instead they set up an SPV which they sign a contract with to pay it whatever the shares are worth at exit
But then you read the fine print and there's 3 layers of SPVs who take % management fees and a large % of the gains
So even if their stock goes up, you barely profit from it because the fees are so insane
That is of course if you profit at all as these companies will mark the shares as void and worthless if they find out
So yes it's mostly a scam/racket you should stay away from unless you get a really good deal and read the fine print!
You should always try invest directly by asking, they probably say no but you can always ask! I ask staff or founders on DM when I am talking to them about a bug or feature idea for example, it helps to have followers but even if you don't you can always ask
Especially if you're influential in a specific topic, many startups love to have you invest but you have to be early usually
Anyway avoid SPVs or at least read the fine print!
Also it's kinda late to invest in them, like you might 2x or 5x, but if you invest earlier you can 1000x or 100x or 20x your investment (but with more risk!)
I've seen a lot of people offer you to invest in private companies like OpenAI, Anthropic, SpaceX, Stripe etc and you should really avoid these offers I think It's always like "yeah bro I know a way to invest I'll DM" Then it always turns out be some 3 or more layered SPV (special purpose vehicle) Which is essentially the original person who invested in them wants to sell his stock but legally can't (it requires board approval to sell and they usually won't allow you to, called right of first refusal (ROFR)) so instead they set up an SPV which they sign a contract with to pay it whatever the shares are worth at exit But then you read the fine print and there's 3 layers of SPVs who take % management fees and a large % of the gains So even if their stock goes up, you barely profit from it because the fees are so insane That is of course if you profit at all as these companies will mark the shares as void and worthless if they find out So yes it's mostly a scam/racket you should stay away from unless you get a really good deal and read the fine print! You should always try invest directly by asking, they probably say no but you can always ask! I ask staff or founders on DM when I am talking to them about a bug or feature idea for example, it helps to have followers but even if you don't you can always ask Especially if you're influential in a specific topic, many startups love to have you invest but you have to be early usually Anyway avoid SPVs or at least read the fine print!
Most annoying haircut I've ever seen in my life