3 ms·
100x first-round investment and lower multiples for subsequent rounds, so much less than $1T.
by himaraya 3y ago
100x first-round investment and lower multiples for subsequent rounds, so much less than $1T.
- s1artibartfast 3y agowhat do you mean? Are you saying that is part of the article of incorporation for for-profit Open AI?
- himaraya 3y ago> 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. https://openai.com/blog/openai-lp https://openai.com/blog/openai-lp
- s1artibartfast 3y agoSo microsoft got in at round 1, and then round 2 for some nebulous multiple which may or may not be less than than. These weasel words are not proof of anything
- himaraya 3y agoMicrosoft's first-round investment totals $1bn at most. Nothing public substantiates a profit cap of $1tn.
- s1artibartfast 3y ago1t would be the 100x times 10B. I guess in absence of public information, we could assume anything. Default terms of unlimited, 100x for 1T or some arbitrarily lower number