zlacker

They can sue you into bankruptcy, obviously.

Also, what if you can't sell? Selling is at their discretion. They can prevent you from selling some of your so-called "equity" to keep you on their leash as long as they want.

>>modele+(OP)
If you can't sell, it's worthless anyway.

>>modele+(OP)
> * They can prevent you from selling some of your so-called "equity"*

But how much do you need? Sell half, forgo the rest, and you'll be fine.

>>LtWorf+O9
Liquidity and value are different things. If someone offered you 1% of OpenAI, would you take it? Duh.

But it's a private venture and not a public company, and you "can't sell" that holding on a market, only via complicated schemes that have to be authorized by the board. But you'd take it anyway in the expectation that it would be liquid someday. The employees are in the same position.

>>modele+(OP)
That’s a good point, if you can get the equity liquid - I don’t think the lawsuit would go far or end up in bankruptcy. In this case, the truth of what happened at OpenAI would be revealed even more in a trial, which is not something they’d like and this type of contract with lifetime provisions isn’t likely to be enforced by a court IMO - especially when the information revealed is in the public’s interest and truthful.

>>bambax+1g
Not a lot of people out there willing to drop half of their net worth on the floor on principle. And then sign up for years of high profile lawsuits and character assassination.

>>modele+(OP)
> They can sue you into bankruptcy, obviously.

Apologies in advance, my comment does not add to progressing the thread at all.

I was just in the middle of eating a delicious raspberry danish - I read your comment and just about lol'd it all over my keyboard and wall.

The last thing I would do if I had a bunch of equity is screw with a company with some of the most sought after technology in the world. There is a team of lawyers waiting and foaming at the mouth to take everything from you and not bat an eye about it. This seems very obvious.