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> Part of the risk is the possibility that a few key employees find a much more profitable business model and leave OpenAI, The fact that you can state this ri
by noch 2y ago
> Part of the risk is the possibility that a few key employees find a much more profitable business model and leave OpenAI,
The fact that you can state this risk means that market participants already know this risk and account for it in their investment model. Usually employees are given stock options (or something similar to a vesting instrument) to align them with the company, that is, they lose[^1] significant wealth if they leave the company. In the case of OpenAI: "PPUs vest evenly over 4 years (25% per year). Unlike stock options, employees do not need to purchase PPUs […] PPUs also are restricted by a 2-year lock, meaning that if there’s a liquidation event, a new hire can’t sell their units within their first 2 years."[^0]
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[0]: https://www.levels.fyi/blog/openai-compensation.html https://www.levels.fyi/blog/openai-compensation.html
[1]: Ex-OpenAI employee reported losing 85% of his family's net worth. https://news.ycombinator.com/item?id=40406307 https://news.ycombinator.com/item?id=40406307