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Anthropic confidentially files for initial public offering on US stock market (www.theguardian.com)
submitted 5 months ago by to c/technology@lemmy.world
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[–] 21 points 5 months ago (3 children)

Founders try to cash in. They've raised the cow, now's the time to send it to the butcher for parts

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  • [–] 4 points 5 months ago (2 children)

    You don't have to IPO to cash out, people cash out of private ventures all the time.

    If the founders all want to cash out at once, or there's a iceberg that the see, or the company isn't as liquid as it needs to be to cash out....

    I strongly suspect they either can't find or sustain the profit, or they think the bubble is close enough to get out early.

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  • [–] 2 points 5 months ago (1 child)

    IPO brings a lot of money though, much more than seed money.

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  • [–] 2 points 5 months ago

    It brings tons of money, but also a microscope and public disclosure. You lose a LOAD of control over the company and get to be inspected by lots of entities. And if you have a badish quarter, you're held directly accountable by the public.

    They usually don't want all that if the company is doing fine.

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