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Like a literal check, or a proverbial check where his illiquid assets serve as collateral to a bank who writes the check?
by 93po 3y ago
Like a literal check, or a proverbial check where his illiquid assets serve as collateral to a bank who writes the check?
- baking 3y agoI'm not finding the quote, but he has claimed it in front of an audience. I should point out that he is Executive Chair of Helion so I assume he still has some control over how the money is spent. One of those bets is on the fusion power startup Helion Energy, into which he’s poured more than $375 million, he told CNBC in 2021. The other is Retro, to which Altman cut checks totaling $180 million the same year. “It’s a lot. I basically just took all my liquid net worth and put it into these two companies,” Altman says. https://www.technologyreview.com/2023/03/08/1069523/sam-altman-investment-180-million-retro-biosciences-longevity-death/ https://www.technologyreview.com/2023/03/08/1069523/sam-altm...