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I didn't know Sam was that loaded. Where did he get all that money from? I know he made some money back in the day, but I didn't think it was that high. Or he r
by chirau 5y ago
I didn't know Sam was that loaded. Where did he get all that money from? I know he made some money back in the day, but I didn't think it was that high. Or he raised a fund or something?
- deleted 5y ago[deleted]
- robbedpeter 5y agoMight be his altcoin paid off in a ridiculous way?
- tofuahdude 5y agoPresident of Y Combinator goes a long way.
- hn_throwaway_99 5y agoSam, through YC, is an investor in basically some of the biggest unicorns in history. IIRC YC's investment is 7%, correct? I'm not sure how much they participate in subsequent rounds, but Stripe alone is now valued at about $95 billion. I'd be shocked if Sam weren't that loaded.
- guynamedloren 5y agoHe did announce "Apollo, funding for moonshots" last year. I want to say it's a self-funded fund, but I may be misremembering. https://twitter.com/sama/status/1273315232367042560?lang=en https://twitter.com/sama/status/1273315232367042560?lang=en
- uranium 5y agoI don't see a quote as to how much he personally put in. $500M went in so far in total; the rest is milestone-based. I recently saw an 8-figure round in which the lead put in $25K. But they did the legwork to arrange the round and get everyone else in, so they were the lead. Sam's the board chair, an early investor, and super connected, so he's certainly able to lead a round whether or not he puts in the majority of the cash.
- lifekaizen 5y agoHe's a shrewd 'stock picker' and ran a fund with $21 M from Peter Thiel, among other things: https://www.newyorker.com/magazine/2016/10/10/sam-altmans-manifest-destiny https://www.newyorker.com/magazine/2016/10/10/sam-altmans-ma...