Sam Altman

I want to get back to OpenAI with a couple of other pieces.

Last word for you. Last word.

Last word for you. Last word.

Well, I mean, right between the two of you, I think is the truth, because what's happening is if you look at investing, it's very hard to get into these late stage companies because they don't need as much capital. Because to your point, Shamath, they when they do hit profitability with 10 or 20 people, the revenue per employee is going way up.

Well, I mean, right between the two of you, I think is the truth, because what's happening is if you look at investing, it's very hard to get into these late stage companies because they don't need as much capital. Because to your point, Shamath, they when they do hit profitability with 10 or 20 people, the revenue per employee is going way up.

If you look at Google, Uber, Airbnb, and Facebook meta, they have the same number or less employees than they did three years ago, but they're all growing in that 20 to 30% a year, which means in but two to three years, each of those companies has doubled revenue per employee.

If you look at Google, Uber, Airbnb, and Facebook meta, they have the same number or less employees than they did three years ago, but they're all growing in that 20 to 30% a year, which means in but two to three years, each of those companies has doubled revenue per employee.

So that concept of more efficiency, and then that trickles down, Sachs, to the startup investing space where you and I are. I'm a pre-seed seed investor, you're a seed series A investor. If you don't get in in those three or four rounds, I think it's going to be really expensive, and the companies are not going to need as much money downstream.

So that concept of more efficiency, and then that trickles down, Sachs, to the startup investing space where you and I are. I'm a pre-seed seed investor, you're a seed series A investor. If you don't get in in those three or four rounds, I think it's going to be really expensive, and the companies are not going to need as much money downstream.

He's not in it for the money. He has health insurance tax. Yeah. Is it Congress?

He's not in it for the money. He has health insurance tax. Yeah. Is it Congress?

You might need to get yourself one of them fancy agents from Hollywood or an attorney from the Wilson-Sonsini Corporation to renegotiate your contract, son, because you're worth a lot more from what I can gather in your performance today than just some simple health care. And I hope you took the Blue Cross Blue Shield.

You might need to get yourself one of them fancy agents from Hollywood or an attorney from the Wilson-Sonsini Corporation to renegotiate your contract, son, because you're worth a lot more from what I can gather in your performance today than just some simple health care. And I hope you took the Blue Cross Blue Shield.

And you let the donators get first bite of the apple if you do convert. Because remember, Vinod and Hoffman got all their shares on the conversion.

And you let the donators get first bite of the apple if you do convert. Because remember, Vinod and Hoffman got all their shares on the conversion.

Freeberg, you've been a little quiet here. Any thoughts on the transaction, the nonprofit to for-profit? If you were looking at that in what you're doing, do you see a way that Ohalo could take a nonprofit status, raise a bunch of money through donations for virtuous work, then license those patents to your for-profit? Would that be advantageous to you?

Freeberg, you've been a little quiet here. Any thoughts on the transaction, the nonprofit to for-profit? If you were looking at that in what you're doing, do you see a way that Ohalo could take a nonprofit status, raise a bunch of money through donations for virtuous work, then license those patents to your for-profit? Would that be advantageous to you?

It's been done a couple times. The Mozilla Foundation did it. We talked about that in a previous episode. Sax, you want to wrap us up here on the corporate structure? Any final thoughts? I mean, Elon put in $50 million. I think he gets the same as Sam. Don't you think he should just chip off 7% for Elon?

It's been done a couple times. The Mozilla Foundation did it. We talked about that in a previous episode. Sax, you want to wrap us up here on the corporate structure? Any final thoughts? I mean, Elon put in $50 million. I think he gets the same as Sam. Don't you think he should just chip off 7% for Elon?

Not that Elon needs the money where he's asking, but I'm just wondering why Elon doesn't get the 7% and get, or, you know, if they're going to redo this.