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EcommerceFlow | on: Anthropic IPO
Got into the gpt3 beta June 2021 and haven’t looked back, yet it’s incredibly sad we had no avenue to invest in these companies until now.

Why doesn’t a private company stock market exist?

tumdum_ | parent | next
Before the 2012 JOBS Act, a US company generally had to register with the SEC if, at its fiscal year-end, it had:

* 500 or more shareholders

* More than $10 million in total assets.

Employees who owned shares counted toward that threshold, which made it particularly relevant to startups that paid employees partly in stock.

The requirement was to become a public *reporting* company, publishing financial statements and other SEC disclosures. It did not require an IPO or a stock-exchange listing, but it encouraged an IPO.

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vincnetas | parent | next
It exist, but not for poor peaople.
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muvlon | parent | next
There have been billions and billions invested into Anthropic. It's very evidently possible. Just not for the general public.
DEDLINE | parent | next
Secondary Markets. There are exotic products in crypto ecosystem that can give you this exposure as well.
kingstnap | parent | next
> Why doesn't a private company stock market exist?

There is something almost ironic about you saying this on a site ran by Y combinator.

arionmiles | parent | next
It's called the Secondary Market
jimbokun | parent | next
> Why doesn’t a private company stock market exist?

Because then it would be a public stock market?

TrackerFF | parent | next
Because we - the plebs - are here to provide liquidity to the risk-takers. Hence why they have to IPO.

But for what it is worth, for every successful AI company like Anthropic, OpenAI, etc. - there are probably tenfold more that are valued in the low billions, and will be the first ones to wash away / become worthless if/when the bubble pops.

And lastly, private sales do exist.

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