FROM: So that’s why liquidity could be shot

I hadn’t thought about it like this, but giant deals have been hitting like new grandmas on Black Friday.

It is amazing that so much money has moved around in the last year, but some investors I know have said to me that they think liquidity might not have any more big moves in it. 

That’s why I tend to think that Anthropic is being over-ambitious in going for a $2 trillion (or even $1.5 trillion) valuation in an IPO. That’s also why I think OpenAI might be smart to raise by other means and put off their IPO. 

Time will tell, but we have asked a lot of American investors’ wallets.

Full thread