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Comment by dominotw

10 hours ago

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!