Ryan Sean Adams

Some lady tweeted out, simply brokering an Anthropic secondary deal made me more money than my entire net worth from working in my 20s.

This is insane.

So there's like this kind of like San Francisco social elite, like access to anthropic, like social finagling going on.

Talk to me about like how this happened or what's going on here.

And so they just see this kind of like there's a gold rush for Anthropic shares.

Anthropic shares are the gold and there's a lot of people selling picks and shovels.

So that's kind of what's going on.

Can we talk about why a vehicle would fail?

And as I understand it, there's like a nesting doll of SPVs.

There's like second tier SPVs, third tier SPVs, fourth tier SPVs.

They all kind of have fees.

There's increasing risk of whether the equity that these things claim to have, they actually have every time you go down a layer.

Can you just kind of explain that like structure that's emerged?

Is there such a thing as like accidental fraud or like people are doing their best intentions but because of the way that it is, they actually don't have the assets that they want?

Is there a gray area here?

Like, is it a different crime?

Okay, so it sounds like there's no, there's less gray area and it's actually kind of binary.

OK, so when so like we're going to talk about what happens when Anthropic actually IPOs and these shares become liquid and like a lot of this stuff settles.

But it doesn't sound like there is any like if there is like missing shares, it's because somebody was a bad person and they explicitly decided to like do fraud or a scam or or gross negligence at the very least.

And so there's no, it doesn't sound like there's any sort of like accidental way to cause harm.