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Who's gonna sue if there's no shareholders being that it's a non profit?
by mupuff1234 3y ago
Who's gonna sue if there's no shareholders being that it's a non profit?
- deleted 3y ago[deleted]
- seanhunter 3y agoThere are investors including sequoia, Tiger Global and Microsoft[1]. They may well have standing to sue. [1] Sorry - the full list is behind a paywall https://www.crunchbase.com/organization/openai/company_financials https://www.crunchbase.com/organization/openai/company_finan...
- mupuff1234 3y agoI believe those are investor the in for-profit organization while the board is responsible for the non-profit org, and I believe the for-profit is bound to the mission of the non profit but not the other way around. But I'm sure someone here knows the legal structure better than I do, I just quickly skimmed over https://openai.com/our-structure https://openai.com/our-structure
- seanhunter 3y agoThat's why I said they may well have standing to sue. It's going to get messy if it goes there for sure.
- dorkwood 3y agoI thought they switched to a "capped profit" model, where investors are capped at a 100x return on investment.