Neil Freiman

Right.

It is not rare for endowments to invest alongside Silicon Valley venture capitalists.

So I could put money into Koza Ventures or Reid Hoffman, who's the founder of LinkedIn's fund.

That is something that is common for endowments to do.

It is much rarer for them to do a direct stake like this because venture early stage companies can go bust venture.

much more often than they can turn into whatever OpenAI is now.

But there have been a few fun examples of endowments or schools making these bold bets early on in companies and then profiting wildly when there is an IPO.

In 2017, there was a Catholic high school also in the Bay Area.

They put a little money into Snap when they were an early company, when Snap IPO in 2017.

This high school made $24 million.

Yeah, and Sam Altman's going to have to testify this week.

There's also been a very popular meme coming from the trial, which is the text between Meera Murati and Sam Altman.

As remember, 2022, Sam Altman was booted from his position and then brought back by the board just a few days later.

There was so much leadership drama.

So as those discussions were taking place, Meera Murati, who is an executive at OpenAI at the time, was texting Sam Altman.

And Sam Altman asked her, can you indicate directionally good or bad?

And she replies, directionally very bad.

And then Sam Allman goes, okay.

So that sort of sentiment can be applied to a wide variety of contexts, directionally very bad.

If you're not using AI correctly, you're almost certainly falling behind your competitors.