3 ms·
Are there any similar cases of this "non-profit board overseeing a (huge) for-profit company" model? I want to like the concept behind it. Was this inevitable d
by ryukoposting 3y ago
Are there any similar cases of this "non-profit board overseeing a (huge) for-profit company" model? I want to like the concept behind it. Was this inevitable due to the leadership structure of OpenAI, or was it totally preventable had the right people been on the board? I wish I had the historical context to answer that question.
- lacker 3y agoYes, for example Novo Nordisk is a pharmaceutical company controlled by a nonprofit, worth around $100B. https://en.wikipedia.org/wiki/Novo_Nordisk_Foundation https://en.wikipedia.org/wiki/Novo_Nordisk_Foundation There are other similar examples like Ikea. But those examples are for mature, established companies operating under a nonprofit. OpenAI is different. Not only does it have the for-profit subsidiary, but the for-profit needs to frequently fundraise. It's natural for fundraising to require renegotiations in the board structure, possibly contentious ones. So in retrospect it doesn't seem surprising that this process would become extra contentious with OpenAI's structure.
- deleted 3y ago[deleted]