We'll see if anyone gets to cash in on those. All you need is one down round and that gets wiped out. Or if the IPO gets delayed and disappoints then the stock can drop well before the lockouts expire. OpenAI and Anthropic are essentially offering Monopoly money in the hopes that one day you can exchange it for real money.
> OpenAI and Anthropic are essentially offering Monopoly money in the hopes that one day you can exchange it for real money.
I thought employees have already had opportunities to cash out (there's enough funding rounds for that).
(Tho how much you can sell was limited, iirc to double digit millions...)