Sam Altman says OpenAI offered to invest $2M in tokens in each startup in the current YC batch; a source says the offer is in exchange for equity via SAFE (Jemima McEvoy/The Information)
OpenAI CEO Sam Altman offered $2M in tokens per YC batch startup in exchange for equity via SAFE, a significant ecosystem play that could put $400M+ of influence across a full cohort.
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<p><a href="https://www.techmeme.com/260520/p16#a260520p16" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Jemima McEvoy / <a href="https://www.theinformation.com/">The Information</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.theinformation.com/briefings/sam-altman-offers-yc-founders-2-million-openai-tokens-equity">Sam Altman says OpenAI offered to invest $2M in tokens in each startup in the current YC batch; a source says the offer is in exchange for equity via SAFE</a></b></span> — OpenAI cofounder and CEO Sam Altman late Tuesday offered to invest $2 million in every startup currently in the Y Combinator startup … </p>
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