Why a 5% Gov Stake Gives AI Labs Massive Alignment and How Seed Valuations Are Now Four‑Times Higher
Jason Lemkin argues that a 5% government stake can give AI founders outsized regulatory alignment, while seed investors in AI now pay roughly four times the headline valuation due to relentless dilution. He also notes that the fear of "block risk"—VCs halting exits—has largely vanished, freeing founders to take bigger bets.