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Khosla Ventures just backed OpenAI with $405M more, but not necessarily with its own capital
Khosla Ventures has raised $405 million for OpenAI, according to a regulatory filing. Based on the filing alone, Khosla’s stake in the ChatGPT maker
Based on the filing alone, Khosla’s stake in the ChatGPT maker appears to be at least 6% of the$6.6 billion round the company closed last week. SPVs are used when a firm doesn’t have enough capital to fill a round, or when it has enough exposure to a company and offers its allocation to others clamoring for a stake. Khosla Ventures declined to comment, so we don’t know the terms of its participation in OpenAI’s last round, which valued the firm at $157 billion.
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