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misswaterfairy 1 days ago [-]
With a number of high-level departures in recent months from OpenAI, one wonders just how much money they have left. And how close they might be to collapsing...
For a company that wants to have a massive IPO that would be worth multi-billions, if not trillions, is this the cue to leave the party before the music stops?
floro 12 hours ago [-]
The bubble will burst someday. But I would be careful with predicting when. I have a bunch of extra cash ready to invest in the S&P500 when it finally pops
evanwolf 1 days ago [-]
Four years to vest anywhere, what's the math to leave so early?
SnorkelTan 1 days ago [-]
The vested shares are unlikely to be worth anything, so they are essentially just working for a salary.
twalla 1 days ago [-]
There's a fairly liquid secondary market for OpenAI stock - see: Forge, Hiive, EquityZen
dgellow 1 days ago [-]
Doesn’t a sale require approval by OpenAI?
twalla 9 hours ago [-]
Looks like you're right - I've only been on the buy side of this equation. The company has regular tender offers but that's significantly less liquid than my earlier comment implied.
browningstreet 1 days ago [-]
Outrageously untrue. So untrue there's a name for it.
bayarearefugee 1 days ago [-]
Perhaps everything is fine and this person and the bunch of other recent high profile OpenAI departures just really hate money.
browningstreet 1 days ago [-]
There’s a gulf of possibility between. I’m just disputing the idea they’re working only for paychecks because there are no secondary options for their vested stock.
For a company that wants to have a massive IPO that would be worth multi-billions, if not trillions, is this the cue to leave the party before the music stops?
Twitter was full of dramas at the exec and founder level, and that impacted their execution.
Facebook had strong leadership, was very focused, and executed well.