zlacker

>>zuhaye+(OP)
Based on what I've seen/heard, they seem to follow a similar comp philosophy to Netflix -- pay top of market to get the best people.

But it's also important to note that only $300K of that is in cash. The other $600K is in profit participation, which could take years (maybe even a decade!) to be realized. It could also be worth $6M a year when it's realized.

But ultimately it's an investment of your time. Or to think of it another way, you're getting paid $900K a year but you're also investing $600K a year in OpenAI, which may end up being an amazing return or nothing at all, just like any startup investment.

Although with Sam at the helm, my guess is it will probably be worth more than $600K a year.

>>jedber+l7
sure but it looks like you can sell PPU's to investors?

no "right to first refusal" or some transfer restriction?

>>yieldc+gd
even if there was, while it might take a decade before IPO and market price discovery, it's almost expected that they would make a private tender offer sometime before that, letting employees realize some value of their shares long before 10 years is up.

>>fragme+zs
or you could just sell and take the $900k or so, and plop it into some PE funds where you’ll be a preferred investor in a variety of high quality, lower valued, offerings and don't have to waste a decade of your life on the graciousness of one employer’s management and prospects

fingers crossed. don't forget to buy some of the S&P too.