Jesse Leimgruber
2K posts

Jesse Leimgruber
@JesseRank
Founder @OpenHome (AI Devices) Stanford. Thiel Fellow. @NeoReach. Investor @anthropicai @hf0 @discord & 50+

i'm among the first couple hundred ppl selected for an openhome dev kit - excited to receive this soon!


500 million smart speakers have been sold. (WILD!) NONE can run AI agents. NONE let you choose your model. NONE are open. BROKEN! We’re building the open alternative FROM SCRATCH! - A new OS - Open source abilities. - Open hardware. Jailbroken. 🤫 Build anything.



Had the idea to hand assemble devkits at @openhome to get hardware in the hands of our users quickly. What I didn’t account for is how insane the response was going to be, or how many of these we would be shipping weekly. Can’t wait to see what gets built next.

I am surprised more people are not paying attention to this update from Anthropic on its stock policy. This seems like a potential bombshell. There is an active secondary market purportedly in Anthropic stock or derivatives including on fairly reputable (or at least well-known) platforms like Forge. Anthropic is calling them out *specifically*, by name, and essentially *saying* 100% of these are illegal. Some may be frauds (people selling Anthropic stock or interests in Anthropic stock that they don't truly own), but more likely many are legit attempts at transferring Anthropic equity (directly, as SPV shares, or as some type of 'beneficial interest' or future, etc.) Anthropic appears to be saying it will treat all these transfers as void. I don't have access to their terms, but it's very interesting to think what this could mean. Do the 'first purported sellers' in the chain potentially have an opportunity to do a double-dip? Does the first seller and all downstream buyers get the entire entitlement nuked? Anthropic is threatening that--are they just bluffing? If they're not bluffing, what litigation is likely to ensue? This can get into really esoteric areas of corporate law that depend on exactly how the transfer restrictions are drafted as well as the language around how violations of transfer restrictions are treated--for example, if they are merely voidABLE then downstream buyers can assert various equitable claims/defenses, but if they are VOID ab initio then in some jurisdictions that forecloses equitable defenses.

I own Anthropic Series B shares bought in the FTX bankruptcy sale. These shares came with an accompanying ROFR waiver, and most (all?) buyers bought them into LLC’s that hold the stock. Buy the LLC = Buy the stock $1.3B was sold. These shares are up 50x, now worth ~$60B+







I own Anthropic Series B shares bought in the FTX bankruptcy sale. These shares came with an accompanying ROFR waiver, and most (all?) buyers bought them into LLC’s that hold the stock. Buy the LLC = Buy the stock $1.3B was sold. These shares are up 50x, now worth ~$60B+














