Comment by joshka
1 day ago
I'm curious about how something like this affects compensation? OpenAI's compensation model is generally to use profit share instead of equity share. PPUs (Profit Participation Units) rather than RSUs (Restricted Stock Units).
I found the answer. Comp equity offers are based on the previous valuation at the last tender event. So now would still be a really good time to join OpenAI. I'm guessing this raise is likely a leading indicator of what that will trend towards in future.