Sam Altman

Well, so we haven't formed a new entity yet. We have obviously considered forming a new entity or maybe converting our existing LLC into one that's more accurate. I have a tiny sliver of equity from an old YC fund. I used to have some via Sequoia Fund, but that one turned out to be easier to sell and not keep the position in. So I have a very small amount that's quite insignificant to me.

For sure. But as I've said many times before, if I could go back in time, I would have taken equity. I I think, again, I understand more about why my earlier misgivings were misplaced. I also get that it's weird for me to take it now after not earlier. On the other hand, I would love to never have to answer this question again and be like, we're a normal company. I run it. I've got some equity.

For sure. But as I've said many times before, if I could go back in time, I would have taken equity. I I think, again, I understand more about why my earlier misgivings were misplaced. I also get that it's weird for me to take it now after not earlier. On the other hand, I would love to never have to answer this question again and be like, we're a normal company. I run it. I've got some equity.

For sure. But as I've said many times before, if I could go back in time, I would have taken equity. I I think, again, I understand more about why my earlier misgivings were misplaced. I also get that it's weird for me to take it now after not earlier. On the other hand, I would love to never have to answer this question again and be like, we're a normal company. I run it. I've got some equity.

Investors don't have to worry that I'm misaligned. The whole air of suspicion of not having any is one of the decisions I regret the most of open AI structure things. But I understand why people are fixated on it. That makes sense.

Investors don't have to worry that I'm misaligned. The whole air of suspicion of not having any is one of the decisions I regret the most of open AI structure things. But I understand why people are fixated on it. That makes sense.

Investors don't have to worry that I'm misaligned. The whole air of suspicion of not having any is one of the decisions I regret the most of open AI structure things. But I understand why people are fixated on it. That makes sense.

If an oracle had said to me on what was it, November of 2015, before we set up. Number one, you're going to need 100 plus billion dollars.

If an oracle had said to me on what was it, November of 2015, before we set up. Number one, you're going to need 100 plus billion dollars.

If an oracle had said to me on what was it, November of 2015, before we set up. Number one, you're going to need 100 plus billion dollars.

Number two, even though you have no idea today how you're going to ever productize this and you think of yourself as a research lab, eventually you're going to become a company that does have a way to productize it and business model it so you can explain to investors why they're not just funding a research lab. And number three, that the incentives of

Number two, even though you have no idea today how you're going to ever productize this and you think of yourself as a research lab, eventually you're going to become a company that does have a way to productize it and business model it so you can explain to investors why they're not just funding a research lab. And number three, that the incentives of

Number two, even though you have no idea today how you're going to ever productize this and you think of yourself as a research lab, eventually you're going to become a company that does have a way to productize it and business model it so you can explain to investors why they're not just funding a research lab. And number three, that the incentives of

people working on this are going to be more naturally kept in check because it's not going to be what I and many others thought at the time of like one effort that is way far ahead of everyone else, but something more like the transistor that seeps out. And so there will be better equilibrium dynamics.

people working on this are going to be more naturally kept in check because it's not going to be what I and many others thought at the time of like one effort that is way far ahead of everyone else, but something more like the transistor that seeps out. And so there will be better equilibrium dynamics.

people working on this are going to be more naturally kept in check because it's not going to be what I and many others thought at the time of like one effort that is way far ahead of everyone else, but something more like the transistor that seeps out. And so there will be better equilibrium dynamics.

If an Oracle had told me all three of those things that turned out to be true, I would say, great, let's be a public benefit corp.

If an Oracle had told me all three of those things that turned out to be true, I would say, great, let's be a public benefit corp.

If an Oracle had told me all three of those things that turned out to be true, I would say, great, let's be a public benefit corp.

No, he was really helpful. I'm super appreciative.