> Altman’s departure jeopardized an investment deal that would allow them to sell their stock back to OpenAI, cashing out equity without waiting for the company to go public. The deal — led by Joshua Kushner’s Thrive Capital — values the company at almost $90 billion, according to a report in the Wall Street Journal, more than triple its $28 billion valuation in April, and it could have been threatened by tanking value triggered by the CEO’s departure.
Ok so the company was offering a cash out of 3x and the long term employees are most likely to have most power and influence within the company. Yeah, no undue coercion that everyone is so motivated by this they’re signing things at 2am? Or more like they’re reading tea leaves and don’t want to be the odd man out because this is a convenient enemies list if your name isn’t on it, especially since Sam apparently has a history of manipulative and retributive behavior + a huge pay day for either you, your bosses, or people who have significant standing to impact your performance reviews / career trajectory.