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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
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#status_quo #pattern_elite_people_are_bad #silicon_valley_culture #YC #pub
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