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After thinking for sometime it seems like even though Sam doesn't have any stake in io, he might have a stake in the Thrive fund that invested in io. Put $50M i
by diasf 1y ago
After thinking for sometime it seems like even though Sam doesn't have any stake in io, he might have a stake in the Thrive fund that invested in io. Put $50M in a Thrive fund, which is used to invest in io that ultimately gets acquired by OpenAI at a really high valuation.
Joshua from Thrive anyways wanted Sam to have some stake and the numbers being floated around was of the order of $7B. The whole thing seems absurd and makes me trust OpenAI even less.
- diasf 1y agoAnd seems like it is actually trying to give a bonus to Sam or give money back to Thrive otherwise it would make no sense to acquire io with $1.5B cash in addition to the stock. I am surprised that the board approved this?