Possibly parent is thinking of https://en.wikipedia.org/wiki/Jumpstart_Our_Business_Startup... which did change some conditions, though not in terms of "multiples".
replyPeople participate in betting and chance games even if the odds are against them.
replySometimes, there is no logic behind what people do, ultimately hoping to strike gold once while wasting money otherwise.
If that's your interpretation of things, that there is no logic behind some of the smartest people in the world throwing tens of billions at Anthropic with no logic behind it, I have no further comments
replythey were not forced but they were forced to report like a public company even if they didn't IPO. all the cost with none of the benefit was an incentive to IPO earlier.
replyNo
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