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1. blobbe+(OP)[view] [source] 2023-11-20 05:26:47
Sam must have sizable equity in the company. He sells to Microsoft and they dissolve the board, problem solved.
replies(4): >>famous+d >>localh+m >>pyroph+Z >>stephe+q1
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2. famous+d[view] [source] 2023-11-20 05:27:39
>>blobbe+(OP)
Sam doesn't have any equity in Open AI
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3. localh+m[view] [source] 2023-11-20 05:28:25
>>blobbe+(OP)
He has nearly zero equity in OpenAI by design.
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4. pyroph+Z[view] [source] 2023-11-20 05:31:34
>>blobbe+(OP)
Actually, from what I read he did not.
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5. stephe+q1[view] [source] 2023-11-20 05:33:17
>>blobbe+(OP)
have you read any of the articles at all before firing off that sentence?
replies(1): >>blobbe+Ph
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6. blobbe+Ph[view] [source] [discussion] 2023-11-20 07:16:17
>>stephe+q1
None of them seem to have mentioned it, but indeed it is confirmed he had very little equity in the company.

This seems like a fairly unconventional idea in a capitalist world where Altman has made all his money on exactly that - equity.

Seems like it has ultimately bit him, the investors, and the board in the ass. Poor incentive structure in the corporate governance is going to really mess with people's heads.

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