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Aside from a small investment through a YCombinator fund (sama was formerly its president), he doesn't have any equity in the company.
by borski 3y ago
Aside from a small investment through a YCombinator fund (sama was formerly its president), he doesn't have any equity in the company.
- jbverschoor 3y agoThat’s so hard to believe. As an employee, he’s probably entitled to some stock. But again, that means he currently “doesn’t own” it
- borski 3y agoHard to believe or not, them’s the facts. He does not own any stock, and does not have any issues options or anything like that.
- reducesuffering 3y agoAnd how sure are you he doesn't have any Profit Participating Units? The primary compensation given to OpenAI employees.
- borski 3y agoHe opted against financial stake in the company, "citing his concern regarding the use of profit as an incentive in AI development," according to the WSJ. Rather than trying to assume it's some corporate conspiracy, I'm gonna go with Occam's Razor.
- jbverschoor 3y agoHe stated: "I have no equity in OpenAI". Whatever WSJ tells has written is an interpretation of the statement sama made. Also, if you're quoting, please the preceding sentence which is crucial: He took no *direct* financial stake in the business, citing his concern regarding the use of profit as an incentive in AI development
- borski 3y agoYour argument has no merit. I have already stated “Aside from a small investment through a YCombinator fund (sama was formerly its president), he doesn't have any equity in the company.” Until you have some kind of proof he’s lying, I’m not going to assume he is.