Comment by choppaface

There are a handful of unicorns / decacorns that went poof and the BS equity turned out to indeed be BS. That’s why they have to do $300k base salary, because that’s low end of total comp at competing mega caps, without it they couldn’t sign anybody from there.

OpenAI will probably end up like UberATG where Microsoft bails out a handful of $10m-plus equity packages, some engineers transfer into MS and get partial recognition, and a bunch of engineers get laid off or sent to a competitor for basically zero. Good chance of this happening when sama has to scale up aggressively and flops.