Comment by rs999gti 3 years ago 300k salary + 600k stock 9 comments rs999gti Reply almost_usual 3 years ago Not stock PPUs which are only worth anything if they turn a profit and according to OpenAI that isn’t happening until AGI.https://www.levels.fyi/blog/openai-compensation.html wmf 3 years ago OpenAI PPUs are no different than stock in a growing-but-unprofitable company like old Amazon. You don't have to wait for dividends; you can sell your PPUs to speculators who expect returns in the future. scarface_74 3 years ago It’s completely different. I can sell my RSUs in AMZN as soon as they vest on the public market at market price. 2 replies → kojeovo 3 years ago Wonder if we'll see many IPOs from any companies not turning a profit anytime soon BasedAnon 3 years ago UBI will just be everyone getting paid dividends from OpenAI stock
almost_usual 3 years ago Not stock PPUs which are only worth anything if they turn a profit and according to OpenAI that isn’t happening until AGI.https://www.levels.fyi/blog/openai-compensation.html wmf 3 years ago OpenAI PPUs are no different than stock in a growing-but-unprofitable company like old Amazon. You don't have to wait for dividends; you can sell your PPUs to speculators who expect returns in the future. scarface_74 3 years ago It’s completely different. I can sell my RSUs in AMZN as soon as they vest on the public market at market price. 2 replies → kojeovo 3 years ago Wonder if we'll see many IPOs from any companies not turning a profit anytime soon BasedAnon 3 years ago UBI will just be everyone getting paid dividends from OpenAI stock
wmf 3 years ago OpenAI PPUs are no different than stock in a growing-but-unprofitable company like old Amazon. You don't have to wait for dividends; you can sell your PPUs to speculators who expect returns in the future. scarface_74 3 years ago It’s completely different. I can sell my RSUs in AMZN as soon as they vest on the public market at market price. 2 replies →
scarface_74 3 years ago It’s completely different. I can sell my RSUs in AMZN as soon as they vest on the public market at market price. 2 replies →
kojeovo 3 years ago Wonder if we'll see many IPOs from any companies not turning a profit anytime soon
Not stock PPUs which are only worth anything if they turn a profit and according to OpenAI that isn’t happening until AGI.
https://www.levels.fyi/blog/openai-compensation.html
OpenAI PPUs are no different than stock in a growing-but-unprofitable company like old Amazon. You don't have to wait for dividends; you can sell your PPUs to speculators who expect returns in the future.
It’s completely different. I can sell my RSUs in AMZN as soon as they vest on the public market at market price.
2 replies →
Wonder if we'll see many IPOs from any companies not turning a profit anytime soon
UBI will just be everyone getting paid dividends from OpenAI stock