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776 points rcchen | 1 comments | | HN request time: 0.214s | source
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SMAAART ◴[] No.44538541[source]
How does this happens?

They raised A, B, and C round (according to CrunchBase), and then the founders just walk away and get a job/deal at Google?

replies(3): >>44538571 #>>44538637 #>>44539525 #
1. t0mas88 ◴[] No.44539525[source]
The deal for the founders may not have been as good as what Google offered. They may only hold 10% after those rounds, a serious part of the acquisition price could go to liquidation preferences of the VCs and the deal is mostly in OpenAI stock instead of cash. Not that hard to imagine the Google option offering them much more actual cash right now.