Startup founders and employees are making "retirement money" ($10M+) from secondary sales in loss-making companies at speculative valuations. This is dangerous for innovation. A few weeks ago, OpenAI did a $6.6B tender offer where employees raked in $5-10M+ a piece. The entire company is loss-making and made $4.3B in H1 2025. This is not a one-off phenomenon. If you go to secondary share platforms like Hiive and Forge, many private companies that have never made profit and are valued at 100x…