Lou Whiteman

There are going to be a lot of insiders who are looking for exits.

Plus, you have a huge need for money.

They're not really positioned to just sell a small sliver because they actually need to raise this money as soon as possible.

It's a tough IPO to get right, I think.

And yeah, I think that's the next move here if they get there.

I wouldn't be surprised, actually, if you see an additional bridge round before then.

I don't know if an IPO is looking likely in at least the next six months for them.

Yeah.

We can talk about that later, too, when we get to some of our other stories, too.

I think exactly what situation that some of these companies are in right now.

You just made the case for why OpenAI, I'm going to be wrong, and OpenAI will go public, because I do think that there are less options from here on additional private funds.

Look, I think the best time for OpenAI would be to go public.

to have gone public was a year ago, and they didn't.

Now, they're faced with this reality.

I think there will be money there for them, but will it be at the levels they need versus some of these venture capitalists facing that maybe the redemption won't be at a profit from this round?

That's going to make it really difficult for them to do private funding from here, too.

I think they're in a bind.

I think that's why you're seeing all this press and some pretty dramatic cutbacks.

I think they're in a, hey, remember us moment.

We like to talk in terms of, hot takes are our job.