“Max Fosh already did something like this[0]”
Prior example of inflating company valuation via a small share sale.
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The author is forgetting another scenario: a multibillionaire creates a company and values the business at $1bn. Though of course Max Fosh already did something like this[0] Which also makes me wonder, is this not a bet that can be filled simply by will? There's a lot of abstraction to money, so can't someone like Altman just find a one person startup and invest in them such that this happens? I think this makes the whole thing a lot trickier than it appears at face value. Personally, I wouldn't be all that shocked if something like this happened because it could probably end up being worth more in advertising than the the tens(?) of millions to invest in the company. [0] this video