5 Reasons Why OpenAI Could Be Tomorrow’s Forgotten Pioneer
In 1995, Netscape staged one of the most electrifying IPOs in Wall Street history. Within four years, it was absorbed by AOL for a fraction of its peak valuation. Now OpenAI is valued at somewhere north of $300 billion. The consensus, once again, is that we are in the presence of an inevitable winner. History suggests a little more scepticism is warranted.
Before You Just Do It, Ask What an Equity Stake Really Means for Your Career
The graphic design student who came up with the Nike Swoosh was paid $35 for her work. Three years later when Nike went public, the CEO Phil Knight gave her 500 shares. She never sold a single share, and they are now worth a small fortune. The upside of equity compensation can be extraordinary. So can the downside.
Can Anyone Actually Value SpaceX?
SpaceX is targeting a valuation of $1.75 trillion which would put it above every S&P 500 company except Nvidia, Apple, Alphabet, Microsoft, and Amazon. Was it a coincidence that Elon Musk chose April Fool’s Day to file confidentially for what could be the largest initial public offering in history?