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Sam Altman once owned some equity in OpenAI through Sequoia
OpenAI CEO Sam Altman sat before Congress in 2023 to testify about the dangers of AI. He told American lawmakers at the time that he owns no equity in
In an interview with Bari Weiss released Thursday, Altman was asked what kind of stake he might have if OpenAI successfully converts into a for-profit company. And of course, startup founders start their journey owning all of the equity in their companies, until they grant shares to employees and sell off chunks to investors. According to its charter, OpenAI’s non-profit board is required to be filled with a majority of independent directors, meaning they can’t have equity in the company.
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