BREAKINGVIEWS-AI mega-IPOs endanger venture-capitalism jobs

SpaceX

SpaceX

SPCX

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Karen Kwok

NEW YORK, July 13 (Reuters Breakingviews) - About 20% of firms that fund startups, such as Sequoia and a16z, are in line for windfalls if OpenAI and Anthropic follow SpaceX's $2 trln market debut. Without those bumper returns, the rest will struggle to raise more money. It puts financiers in the high-tech firing line.

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