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Max Zeff

👤 Speaker
109 total appearances

Appearances Over Time

Podcast Appearances

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

Yeah, typically, there's so many ways to transact without informing the company, right?

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

A common one would be futures contract, basically selling the right to the investment and the future performance of the investment.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

Yeah, so the funny thing is there's these sort of digital asset equivalents, like people making basically meme stocks around that are trying to track overall interest or the overall valuation of these companies.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

They sold off, which is funny because I don't believe they're actually tied to any real underlying equity.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

Yeah, so I'm trying to think through how this plays out.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

Overall, I think the reaction from the internet was being more dramatic than maybe is necessary.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

Because already, if you're, let's say, an early investor in Anthropic, and you at some point sold your shares, you didn't go to the board and get permission, but you structured some deal to sell your shares.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

That is so.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

Win-win.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

Waiting.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

Well, waiting for that.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

On one hand, neither party, if you bought the shares or you sold the shares, neither party is that incentivized to go to Anthropic Board and be like, hey, I'm really sorry.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

Like, we did this.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

It was against.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

Because on one hand, like, there's probably some scenario where the investor or the Anthropic employee could get their shares, like, voided or reclaimed in some scenario.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

So they don't necessarily want to do that.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

The investor is like, well, I bought these shares and now they're worth a lot more.

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

So let's just, like,

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

be chill and let this play out, and we'll all forget about it, right?

TBPN
Altman’s Testimony, AI SPV Drama, Ebay Rejects $GME Bid | Diet TBPN

But there is a scenario where the seller tries to then make the case of, oh, actually, I'll just give you the money back, because now the stock is appreciated so massively.