Ryan Selkis: Questions raised over IPO of company with high risk product and $500 billion contracts

Ryan Selkis: Questions raised over IPO of company with high risk product and $500 billion contracts
IPO concerns over risky product and contracts

Ryan Selkis, who is the founder and former CEO of Messari, questioned the decision to allow a company to proceed with an IPO when the firm's core product is said to present an estimated 25% risk of dystopia. Selkis also noted the company's need to price the offering at more than 20 times plateaued revenue in order to cover $500 billion in non-cancelable compute contracts. He described this situation as potentially the greatest moral hazard of all time.

Selkis has previously argued that ZEC and BTC are likely to remain resilient even in the face of potential AI-induced cryptography threats, saying they could withstand related challenges (article). In an earlier analysis, he described a $280 million drop in company value at Messari over two years, citing decisions by executives and investors (article). These earlier remarks provide further context to his concerns about risk management and valuation in the current market environment.

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