Phase 2, of Sam playbook to a take over a company.<p>See what he did at Reddit below.<p>He even admits to it in the thread.<p><a href="https://old.reddit.com/r/AskReddit/comments/3cs78i/whats_the_best_long_con_you_ever_pulled/cszwpgq/?context=99" rel="nofollow">https://old.reddit.com/r/AskReddit/comments/3cs78i/whats_the...</a>
It is very generous of OpenAI workers to help everyone else get rich. How nice it is to see when a mass of employees divest before what will surely be a hockey stick graph of unlimited growth
Pretty insane for a "non-profit".<p>Yes, I know the non-profit owns the for-profit, but it's all clearly a cleverly (?) designed Trojan horse and smoke and mirrors to pump and dump like every other startup.
Anyone at private companies that has been able to participate in these share sales -- how does it work? What platform is used? Do you sell back to the company and then just get an extra large check that month? Can you trade it for shares of something else?
I don't understand ai valuations right now.<p>NVDA has market cap of 1.8T and all they're doing is the middle part of the value chain.<p>OpenAI is doing all the actual productization and they get a valuation of 20x less?
Anyone have any idea what order of magnitude this windfall is for the employees? We talking hundreds of thousands? Millions? Depending on when you got hired, this has gotta be one of the largest $increase/time to exercise options in history, no?
Were the Profit Participation Units (PPUs) part of this sale?<p>I've heard that's what they are offering new hires but it's an unusual form of compensation as compared to traditional stock/options. Curious how it worked out for those folks.<p>(apologies if this is explained in the article, I don't have access)
I'm not sure when investors are going to get that tech bros are fleecing them for billions and not making anything that actually helps people or the world. It's like there's no adults in the room. Just bobble head monopoly men hoping if they give away enough cash, someone's problem will finally get solved. But I am little jealous that I'm not also getting rich on flash-in-the-pan tech startups.