News for hackers. Stuff that matters.

A comment on It's Time to Stop Taking Sam Altman at His Word. Parent comment

Re:It's Time to Stop Taking Sam Altman at His Word by hanspeter on Sunday October 06, 2024 @03:21AM (#41755406)
Even if you were right in his intentions, can you outline the scenario where Sam is able to make an exit?

I don't see how it could happen at current valuation. Who would want to pay $150 bil. for an OpenAI, where Sam is no longer part of it?

[ Parent | on HN ]
Re:It's Time to Stop Taking Sam Altman at His Word by lolinder on Sunday October 06, 2024 @10:15AM (#41757310)
> where Sam is no longer part of it?

It can be an "exit" in that it makes Sam extremely wealthy while he still hangs on as CEO.

[ Parent | on HN ]
Re:It's Time to Stop Taking Sam Altman at His Word by hanspeter on Sunday October 06, 2024 @02:56PM (#41759247)
You're thinking of an IPO?

Sure, that's one option. But it's pretty rare for a founder of a $10+ billion startup to immediately liquidate their shares right after an IPO.

It's also a risky bet. If OpenAI goes public, they'll have a hard time justifying the same or a higher valuation than they got Microsoft and Nvidia to buy in at.

[ Parent | on HN ]