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That's the downside. It's certainly a real one and exactly why a lawyer would have advised him not to say anything. But there were also upsides, or at least pot
by bradleyjg 11y ago
That's the downside. It's certainly a real one and exactly why a lawyer would have advised him not to say anything. But there were also upsides, or at least potential upsides. Both in this specific case and influencing those involved current and future yc companies.
The reason general counsels make much less than CEOs is that it's a heck of a lot easier to always point out the risks than to weigh them against the rewards.
- snowwrestler 11y agoIt's one thing to hear your lawyer's counsel and then decide to do it anyway, because the potential reward is worth the risk. It's another thing to rush something through before your lawyer has a chance to provide counsel--which is essentially what Sam Altman claims he did, in his post. CEOs make more than GCs, but they employ GCs for a reason.