We needed to custom-write rules like:
- Fiduciary duty to the charter - Capped returns - Full control to OpenAI Nonprofit
LP's have much more flexibility to write these in an enforceable way.
- Fiduciary duty to the charter - Capped returns - Full control to OpenAI Nonprofit
LP's have much more flexibility to write these in an enforceable way.
Similarly, what's stopping an investor from implicit control by threat of removing their investment?