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1. jdthed+(OP)[view] [source] 2023-11-18 12:01:19
They still stand to benefit personally, do they not?
replies(1): >>cthalu+Y2
2. cthalu+Y2[view] [source] 2023-11-18 12:20:26
>>jdthed+(OP)
By what mechanism? 3/4ths the remaining board have no financial interests in OpenAI.
replies(1): >>jdthed+I3
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3. jdthed+I3[view] [source] [discussion] 2023-11-18 12:24:56
>>cthalu+Y2
Personal/moral: "Championing" non-profit after reaping the fruits of massive commercial success

Monetary: Promotions and payouts (now or future)? Equity is not the only way

replies(1): >>cthalu+Bt
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4. cthalu+Bt[view] [source] [discussion] 2023-11-18 15:03:09
>>jdthed+I3
Is it a massive commercial success? They have received significant funding, and likely have high revenue, but is it profitable? Is it in a position to be profitable? We're not in the world of companies getting decades of runway from VCs anymore, between concerns around a recession (justified or not), higher interest rates, etc.

There's rapidly becoming more and more competitors in this space, as well. OpenAI has a significant first-mover advantage, but I don't know that it is insurmountable, and I doubt investors are confident that it is either. That means they're even less likely to have infinite runway.

So I'm not sure there's personal/moral success at this point in the story for the board to begin with.

Monetary - 3/4ths the board is independent. They are not actually employed by OpenAI. There's nothing to promote them to, and nothing in the charter of the non-profit that would give them payouts.

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