OpenAI's $6.6B tender creates 300+ decamillionaires pre-IPO

OpenAI's $6.6B tender creates 300+ decamillionaires pre-IPO

Yesterday
SaaStr ARMARM Gtm_strategy

The Gist

  • 75 OpenAI employees cashed out $30M each in October 2025 tender
  • 525 others split $4.35B at ~$8.3M per person
  • 2019 hires saw 100x equity appreciation vs Nasdaq's 3x in same period

RevBots.ai View:

ARM-stage companies create wealth through AI-native business models rather than traditional IPO liquidity events.

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