If you work in AI, robotics, defense, semis, compute, autonomy, aerospace, or frontier infrastructure - DM to take a plunge on us, this weekend in SF. Founders, engineers, operators, investors. Come get liquid with @techdollarhq

Gabriel @lex_node has lot of good points here, many of which relevant to our @techdollarhq underwriting thesis. Key point mentioned here is this “If they're not bluffing, what litigation is likely to ensue?” My bet is that Anthropic (and many others) won’t, especially since their founding level employees are only looking for needing 500k-1m facilities for quality of life improvements but most importantly DON’T want to sell their most valuable, earned, equity. 1) Restriction on pledges and transfer exist for the same reason @AngelList came to fruition, no company wants a random/predatory name on their cap table, and post venture debt crisis no one has dared to price things even remotely close to favorable or at the very least logically. 2) Anthropic is trying to raise $1T, so they don’t want ppl buying multi-layer multi-fee deep SPVs/OTC instead of direct, and seeing secondaries hit the tape constantly (since it’s their only option) from vested early stage shareholders to get liquid. It’s in every late stage private company’s best interest to provide employees a liquidity program or access to external programs that allow them to retain upside of their most valuable and genuinely cared for asset. All that matters is the creditor underwriting any facility is aligned long term, hence - Soon.