"We recommend that people be cautious if they are contacted by a company that claims to have the right to sell OpenAI shares, even through SPV," the announcement said. OpenAI admits that not every stock purchase offering is a violation, but many may seek to circumvent the transfer restrictions. The company insists such deals will not be recognized and will not bring economic value, according to Techcrunch.
SPV is a form of money mobilization for one-time investments that is being used by many investors to participate in AI startups, but is currently causing a lot of controversy. Some venture capital funds have criticized SPV as a tool for those who are not knowledgeable about investing.
According to Business Insider, not only OpenAI, Anthropic is also limiting this form. Anthropic is said to have asked Menlo Ventures to use direct capital instead of SPV to participate in the upcoming round.
