points by whateveracct 2 days ago | 0 comments
yes tho. once you hit a certain number of shareholders (which anthropic clearly is past), you used to have to report with the regularity and rigor of a public company. so if you do, why not IPO and get some cash?
that and other changes that enabled private investment at this scale. it's all about privatize the pump socialize the dump via IPO
[–] extraextra 1 day ago
[–] whateveracct 1 day ago
right but before, employees' shares counted. that's one of the changes i'm talking about.
The rule is still in place, if a company has more than 2000 shareholders, of which minimum 500 are non-accredited (employee stock based compensation does NOT count), the company has to do ongoing financial reporting
You're misinformed