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Aastha
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Many people have asked me if Sam Altman owns 0% of OpenAI, how could he afford to invest and fund projects the way he does? 1) Note on Early Exit: โจSam co-founded a startup called Loopt in college. It wasnโt a massive success, but it sold for $43.4 million to Green Dot Corporation in 2012, giving him a few million personally. 2) Smart VC & Angel Investing: โจAfter Loopt, Sam became a full-time investor, backing companies like Airbnb, Stripe, Reddit, Asana, and Pinterest early on before they exploded. 3) Solid connections thru Y Combinator: โจIn 2014, he became President of Y Combinator, gaining: - Huge influence - Access to top founders - Insider opportunities in startups 4) 0% with OpenAI: โจYes, Sam owns 0% of OpenAI, since it started as a nonprofit. Later, even with a for-profit structure, he didnโt take equity. Still, his global reputation skyrocketed, and he could easily raise or earn funds through other ventures and investments. Sam made smart moves since the beginning!
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