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There’s plenty of evidence that he has no equity. I’d love to see contradictory evidence, but without that, just refusing to believe things based on intuition i
by brookst 4y ago
There’s plenty of evidence that he has no equity. I’d love to see contradictory evidence, but without that, just refusing to believe things based on intuition isn’t great.
- ryanSrich 4y agoWhy is that not great? It makes absolutely zero sense for him to have no equity, or at least some agreement in place that equity is coming. Or some other terms that essentially amount to equity. You don’t need evidence to be skeptical of the situation.
- brookst 4y agoHe was wealthy before and has other means to parlay openai to further wealth. You’re doing the “only the true messiah would deny his divinity” argument — if he was going to profit, that’s bad. If he’s not going to profit, obviously he’s lying and is going to profit, so that’s bad. IMO arguments are only meaningful if they can be falsified. Your argument can’t be falsified because you’re using a lack of evidence as proof.
- bagacrap 4y agoWhen did he say profit was bad?
- peripitea 4y agoWhy does it make zero sense? It makes perfect sense to me.
- graeme 4y agoWith no equity comes no control. I would find it very surprising he has no control over the project. And if he does have control that has value whether you label it equity or not. It is possible he literally has no control and no financial upside but who would turn down control over what they believed to be a world shaping technology?
- somsak2 4y agoI mean, most non-founder company CEOs don't have a significant % of total equity and they still have control over the company.
- FartyMcFarter 4y agoThey have temporary control that can be taken away. Real control comes from owning more than half of the voting shares.
- peripitea 4y agoThe parent is a non-profit, hence no equity is required to have control. Seems pretty straightforward to me.
- paxys 4y agoWhat's the plenty of evidence? Everyone is basing this on a single news article which essentially said "we spoke to insiders who said he doesn't have any equity".