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> Organizations/people with an interest in OpenAI – like Sam Altman and a16z – have a significant stake in Reddit, and strong ties to the board. This triggered
by jimnotgym 3y ago
> Organizations/people with an interest in OpenAI – like Sam Altman and a16z – have a significant stake in Reddit, and strong ties to the board.
This triggered me to review a thought I had.
VC's are very keen with attending board meetings without being directors, retaining the right to appoint a director without carrying that out, and exerting control thought other means. I think some tightening of the concept of shadow directors is in order. Shadow directors are supposed to have the same legal responsibilities as properly appointed directors, yet they currently carry all the power without the reponsibilty