Comment by JumpCrisscross
2 years ago
> Word on town is OpenAI folks heavily selling shares in secondaries in 100s of millions
OpenAI heavily restricts the selling of its "shares," which tends to come with management picking the winners and losers among its ESOs. Heavily, heavily discount an asset you cannot liquidate without someone's position, particularly if that person is your employer.
Did you mean permission, not position? I’m not sure I understand what someone’s position could mean.
Yes.