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the board was about to vaporize employee equity overnight - the secondary was days away and would have been life changing for many employees and significant for all of them. SA is probably a great a leader but the financial incentives for the employees to support him and ensure the secondary went through were huuuuuuge

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Thats putting the carriage before the horse. How did the valuation get there, particularly when it did it before M$off, GOOG, etc?

It was the team. Who put the team together?

We will never know if OpenAI would have succeeded w/o SA. That's unfalsifiable. But they got to a life changing equity because the CEO helped get it there.

My point: SA was likely putting the scaffolding of a 2nd home run in place, right as the board got scared of being on 3rd base going for the run.

And therein lies the problem. The BoD was not playing the long game.

Yep, the boards failure occurred when they allowed the profit motive to take control of the organization. The crisis was merely a manifestation of the inevitable.

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