This isn’t personally against you but they never had the $1M/year they flaunted when Sam the savior was their CEO
I don't know exactly how employee contracts are drawn up there but OpenAI has been pretty vocal that all the for-profit sides have caps which eventually lead back to 100% going into the non-profit after hitting the cap or the initial investment amount. So I am not quite clear what you are saying? Salary is cash, equity is stock. There has always been profit caps on the stock.
My only point was that you made an argument about employees giving up their equity for "mediocre" MSFT stock. It is just a misinformed statement that I was clearing up for you. 1) MSFT has been doing amazing as a stock 2) Employee equity has profit caps. 3) Employees who actually care about equity profit would most likely be more interested in joining MSFT.
[1] https://web.archive.org/web/20230329233149/https://www.nytim...
If this was never true, that’s on the OpenAI team that misled their engineers
https://www.businessinsider.com/openai-recruiters-luring-goo...
Their job postings even specifically mention “generous equity” - again if there is no equity in the contract - that’s OpenAI misleading its recruits
Investors loved Satya's investment into OAI, not sure how we can qualify it as one of the worst investments in the history of SV?
How can we even compare the risk concerns of MSFT with OpenAI? The impression we have of OpenAI is the risk concerns are specifically about the profit drive. From a business standpoint, LLMs have huge potential at reducing costs and increasing profit in multiples.