Re:OpenAI requires NDA for employees to keep equity
by riehwvfbk on Saturday May 18, 2024 @02:06AM
(#40396783)
Doesn't even have to be a surprise. Pretty much startup employment agreement in existence gives the company ("at the board's sole discretion") the right to repurchase your shares upon termination of employment. OpenAI's PPUs are worth $0 until they become profitable. Guess which right they'll choose to exercise if you don't sign the NDA?
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Re:OpenAI requires NDA for employees to keep equity
by lucianbr on Saturday May 18, 2024 @04:03AM
(#40397248)
Who would accept shares as valuable if the contract said they can be repurchased from you at a price of 0$? This can't be it.
Re:OpenAI requires NDA for employees to keep equity
by actionfromafar on Saturday May 18, 2024 @04:12AM
(#40397275)
It can. There are many ways to make the number go to zero.
Re:OpenAI requires NDA for employees to keep equity
by riehwvfbk on Saturday May 18, 2024 @08:05PM
(#40403099)
You are thinking of going up against an entity worth billions of dollars and somehow winning? That doesn't happen outside of movies. You'll accept whatever they decide, or end up like those Boeing whistleblowers if you make yourself enough of a nuisance.
Re:OpenAI requires NDA for employees to keep equity
by jbellis on Saturday May 18, 2024 @07:01AM
(#40397956)
I don't think rght to repurchase is routine. It was a scandal a few years ago when it turned out that Skype did that. https://www.forbes.com/sites/dianahembree/2018/01/10/startup...