Confidential submission of draft S-1 to the SEC

XCSme

> We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it. What?

ortusdux

I wonder how much of it is photos?

rvz

This is the true definition of AGI and will be achieved this year. The I in AGI has always stood for IPO.

mlmonkey

What's the point of a "confidential S-1"?? Isn't the S-1 supposed to inform potential investors?!? So ... shouldn't it _not_ be confidential??

koolba

Would be hilarious if they used an LLM to write it and it started hallucinating revenue streams and numbers.

ai_critic

> We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. Presumably those things were harder as a charity/non-profit.

outside1234

"We want to be ready to grift public money at a moment's notice, but there are still opportunities to grift private money right now, so we are holding off."

shimman

Growing worry I have are the dozens of newly minted corporate elites that will continue to wreck havoc on the tech industry mandating their golden paths while America still lacks medicare for all, college for all, and universal childcare. If you think Sam Altman is bad for the industry, imagine what 200 of him will be like!

bpt3

I'm just anticipating the next version of “Community-based EBITDA" that sama rolls out in the latest attempt to convince everyone that spending >$1 to earn $1 is a good idea.

guluarte

"Hey, don't invest too much in Spacex or Anthropic. We're planning an IPO too."

fear91

I don’t get what’s the point of non-profits if you can IPO them. How does that make any sense?

cloudengineer94

Here we go… Let’s see if retail investors are indeed exit liquidity or not

stinger

This is like a slack message

kylecazar

What a weird tone this is written in.

throw03172019

Was this meant as an internal team post?

lnrd

What was that Warren Buffett's quote about everyone trying to leave the party seconds before midnight in a room where there are no clocks? I think it was at peak of the dot com bubble

rfgplk

Companies IPOing should be forced to put up their estimated market cap as collateral in cash. Oh what is that? You don't have $1 trillion in cash to put up? Cool, you're not a $1 trillion dollar company then.

sciencejerk

When/how are IPO dates released?

dzonga

why not let it be public ?