Ask HN: What does OpenAI cap table look like?

3 pointsboltzmannbrain5y ago1 comments

Given the OpenAI restructuring as a "capped profit" LP [1], what does the cap table look like? What ownership do cofounders and investors have, and in what parts of the organization?

[1] https://openai.com/blog/openai-lp/

1 comments

boltzmannbrainOP5y ago

"OpenAI LP is a for profit Delaware Limited Partnership managed by its General Partner, a single-member Delaware LLC controlled by OpenAI Inc (the nonprofit)'s Board of Directors."

Could someone explain this, and why specifically LP and LLC are the corporate entities?

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Ask HN: What does OpenAI cap table look like?

3 pointsboltzmannbrain5y ago1 comments

Given the OpenAI restructuring as a "capped profit" LP [1], what does the cap table look like? What ownership do cofounders and investors have, and in what parts of the organization?

[1] https://openai.com/blog/openai-lp/

1 comments

boltzmannbrainOP5y ago

"OpenAI LP is a for profit Delaware Limited Partnership managed by its General Partner, a single-member Delaware LLC controlled by OpenAI Inc (the nonprofit)'s Board of Directors."

Could someone explain this, and why specifically LP and LLC are the corporate entities?

j / k navigate · click thread line to collapse