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AI startupsTechCrunch
•79% Informative
Small, unknown investors have found their own way to get shares of hottest private AI startups.
They are using Special Purpose Vehicles where multiple parties pool their money to share an allocation of a single company.
SPVs are generally formed by investors who have direct access to the shares of these startups and then turn around and sell a part of their allocation to external backers.
“It boggles my mind that just a few years after the excesses of the 2020 and 2021 period, when people were essentially investing blindly into SPVs, with fees on fees on fees, into vehicles that were totally opaque,” said Jack Selby , managing director at Thiel Capital and founder at AZ-VC Fund , firm focused on backing startups based in Arizona . “People are doing that all over again with everything that is a shiny toy: AI.”.
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