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Returns are capped at 100x their initial investment, which, you know, is not that big of a cap. VCs would go crazy for a 100x return. Most companies, even unico
by Jasper_ 4y ago
Returns are capped at 100x their initial investment, which, you know, is not that big of a cap. VCs would go crazy for a 100x return. Most companies, even unicorns, don't get there.
They're justifying it by saying AGI is so stupidly big that OpenAI will see 100000x returns if uncapped. So, you know, standard FOMO tactics.
[0] https://openai.com/blog/openai-lp https://openai.com/blog/openai-lp
- sebzim4500 4y agoI mean, presumably they are at like 30x already?
- jprete 4y agoI believe the Microsoft investment is around $10 billion, so they can get up to a trillion dollars of return under the cap.
- sebzim4500 4y agoThe $10 billion had a 7x cap right? I'm pretty sure the 100x cap was only for the initial investments.
- mirekrusin 4y agoThis cap is much smaller, 100x was for initial investors. Microsoft took every single penny they could to get 49% stake. If they won’t do AGI, they won’t go over the cap with profits and all drama is for nothing - so saying it’s fake cap is not right. Please somebody correct me if I’m wrong.
- deleted 4y ago[deleted]
- shostack 4y agoIs that fomo or anchoring?