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Ask HN: What does OpenAI cap table look like?

3 pointsby boltzmannbrainover 4 years ago
Given the OpenAI restructuring as a &quot;capped profit&quot; LP [1], what does the cap table look like? What ownership do cofounders and investors have, and in what parts of the organization?<p>[1] https:&#x2F;&#x2F;openai.com&#x2F;blog&#x2F;openai-lp&#x2F;

1 comment

boltzmannbrainover 4 years ago
&quot;OpenAI LP is a for profit Delaware Limited Partnership managed by its General Partner, a single-member Delaware LLC controlled by OpenAI Inc (the nonprofit)&#x27;s Board of Directors.&quot;<p>Could someone explain this, and why specifically LP and LLC are the corporate entities?