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Comment by stefan_

9 hours ago

Turns out you can't pay em as much as VC will, haha

its a public benefit corp

  • Don’t worry they will just limit them to a 10x return but then later on just convert to for profit and fahgetabout the cap!

    • I don't think Anthropic (the only major PBC in this space) ever did this.

      OpenAI did but they had a totally different structure and were never a PBC.

      If these guys adopt a similar LTBT+PBC structure to Anthropic it should be more resilient.

  • Funny how that works, so are Anthropic and OpenAI apparently. Maybe there is something we are missing here!