3 ms·

Returns on what?

• BbzzbB 4y ago
  Their investment, based on the first round. That's how they justified flip-flopping away from being an NPO[0]. If I had to bet, just as they pivoted from non-profit to capped-profit, they'll pivot from capped-profit to regular-for-profit when the time comes. Not that I have something against for-profits, but it all (name & mission) feels hypocritical and plain branding/marketing. 0: https://openai.com/blog/openai-lp/ https://openai.com/blog/openai-lp/ > Returns for our first round of investors are capped at 100x their investment (commensurate with the risks in front of us), and we expect this multiple to be lower for future rounds as we make further progress.
  • hhmc 4y ago
    I agree that it's pretty meaningless if you can just pivot at the appropriate time. Public benefit corporation feels like the best compromise.