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As noted in the release: "The majority of the board is independent, and the independent directors do not hold equity in OpenAI."
by iandanforth 3y ago
As noted in the release: "The majority of the board is independent, and the independent directors do not hold equity in OpenAI."
- nonfamous 3y agoIn fact, I believe Altman was the only member of the board that held equity in OpenAI. There was some vague reference to a “previous VC arrangement” in the FAQ.
- deleted 3y ago[deleted]
- samspenc 3y agoSam Altman had no equity in OpenAI https://www.cnbc.com/2023/03/24/openai-ceo-sam-altman-didnt-take-any-equity-in-the-company-semafor.html https://www.cnbc.com/2023/03/24/openai-ceo-sam-altman-didnt-... He confirmed it verbally as well in his May 2023 hearing in Congress https://twitter.com/thesamparr/status/1658554712151433219?lang=en https://twitter.com/thesamparr/status/1658554712151433219?la...
- nonfamous 3y agoFrom https://openai.com/our-structure https://openai.com/our-structure : > Even OpenAI’s CEO, Sam Altman, does not hold equity directly. His only interest is indirectly through a Y Combinator investment fund that made a small investment in OpenAI before he was full-time. That word “directly” seems to be relevant here.