Comment by Fraterkes
3 hours ago
(I think) I get how venture capital works, my point is that the bullish story for openAI has them literally restructuring the global economy. It seems strange to me that people are making bets with relatively slim profit margins (an average of 500m on a 10b investment in your example) on such volatile and unpredictable events.
I think you’re right that the critical assumption in that example is the 5pct rather than the tax treatment.