
techsummoner
322 posts















In the next few months, four companies are raising over $350 billion in equity. – Google: $80B of net equity issuance to fund AI capex – SpaceX: ~$75B IPO at near-trillion valuation – Anthropic: raising at $965B post-money, up 53x from late 2024 – OpenAI: ~$100B at private market levels That's a third of a trillion in fresh paper supply from four names alone. Then there's the second wave. An Anthropic employee who joined in late 2024 with $100K of equity is sitting on roughly $5.3 million on paper today. There are thousands like them at Anthropic, OpenAI, SpaceX, Databricks, Stripe, xAI. Every single one is a future seller. At IPO, at lockup expiry, at the next tender. Founders, employees, and the earliest VCs are all trying to convert paper into cash at the same moment in history. When the people closest to the asset are all sellers at the same time, the question isn't whether the technology works. The question is who's left to be the bag holder. This is what an exit liquidity avalanche looks like. It doesn't crash a market in a day. It bleeds it for years.










Guy with access to a $200/mo Claude Max and a spare weekend: "omg I found a P0, you owe me 10% of your TVL or else" Yeah sure buddy, how about you share your prompt, and we'll refund you your time and token costs with a 100% premium. (aka ~$2000) What happened to responsible disclosure? This industry starting to become pathetic.


















