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[return to "OpenAI's board has fired Sam Altman"]
1. johnwh+Uc1[view] [source] 2023-11-18 02:36:00
>>davidb+(OP)
Ilya booted him https://twitter.com/karaswisher/status/1725702501435941294
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2. dannyk+Le1[view] [source] 2023-11-18 02:50:37
>>johnwh+Uc1
This should be higher voted. Seems like an internal power struggle between the more academic types and the commercial minded sides of OpenAI.

I bet Sam goes and founds a company to take on OpenAI…and wins.

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3. thomas+Oh1[view] [source] 2023-11-18 03:13:18
>>dannyk+Le1
Yes, and wins with an inferior product. Hooray /s

If the company's 'Chief Scientist' is this unhappy about the direction the CEO is taking the company, maybe there's something to it.

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4. pauldd+EB1[view] [source] 2023-11-18 05:38:11
>>thomas+Oh1
Maybe.

But Altman has a great track record as CEO.

Hard to imagine he suddenly became a bad CEO. Possible. But unlikely.

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5. csomar+MD1[view] [source] 2023-11-18 05:52:01
>>pauldd+EB1
Where is this coming from? Sam does not have a "great" record as a CEO. In fact, he barely has any records. His fame came from working in YC and then the sky-rocketing of open AI. He is great at fundraising though.
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6. pauldd+nF1[view] [source] 2023-11-18 06:06:26
>>csomar+MD1
wat

the guy founded and was CEO of a company at 19 that sold for $43m

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7. csomar+0G1[view] [source] 2023-11-18 06:12:10
>>pauldd+nF1
> As CEO, Altman raised more than $30 million in venture capital for the company; however, Loopt failed to gain traction with enough users.

It is easy to sell a company for $43 if you raised at least $43. Granted, we don't know the total amount raised but it certainly it's not the big success you are describing. That and I already mentioned that he is good in corporate sales.

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8. plinga+eJ1[view] [source] 2023-11-18 06:46:24
>>csomar+0G1
According to Crunchbase, Loopt raised $39.1M.
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9. grumpl+uc2[view] [source] 2023-11-18 11:06:43
>>plinga+eJ1
How many years did it take to go from 39 million to 43 million in value? Would've been better off in bonds, perhaps.

This isn't a success story, it's a redistribution of wealth from investors to the founders.

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