SPVs & AI companies
2024-06-02 17:57:06.090489+02 by
Dan Lyke
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Good explainer on the AI pump-n-dump: VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market
What’s more, some SPVs are formed on top of another SPV. For instance, when Menlo Ventures was raising a $750 million SPV to invest in Anthropic earlier this year, some funds who invested in it, resold a slice of their SPV allocation to other investors, charging additional fees on their second-layer SPV, Sawyer said.
[ related topics:
Artificial Intelligence Economics
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