Just read on Tech Crunch / WSJ that Open AI is doing a raise to allow employees to sell. Target valuation is 80-90B. Cha freaking ching! Congrats!
Fudge.... I applied to OpenAI 3 months ago and they didn't reply until well after I started my new job. I was thinking ... eh, it's a lot of paper money, so why feel bad saying no?
Sorry
They don’t get equity? I thought it was PPUs
Yep even if it gets to less than this they are also easily making 1-2 million a year. Crazy.
It doesn't work that way, it would be their equity valuation would float around a million dollars year on end, its not growing a million per year