Funding 1% to existing shareholders to sell their bag while getting a $29B valuation is hilarious. Why was it ever started as a non-profit? What BS. Sam Altman keeps getting to fail upward and be unethical. Before it was a $14B valuation. I am guessing Microsoft doesn’t get any stake in the for-profit part. Only the deals they made to comingle when they gave $1B. #tech_companies #silicon_valley #silicon_valley_culture #patterns_insufferable_tech_douches* #AI #valuations #funding #toread