Sam Altman makes 'mic drop' offer to every Y Combinator startup

25 pointsposted 10 hours ago
by evo_9

18 Comments

shimman

6 hours ago

What a great way to boost usage before an IPO. Definitely not scammy behavior!

1123581321

4 hours ago

This sounds like how you get (or at least used to get) free AWS and Azure credits in your first x years as a startup or until you met revenue thresholds. You wouldn't get as many, but, you didn't have to give up a share of your company, to my knowledge.

Were there actually larger credit grants that would've been in exchange for equity, or, is OpenAI doing something novel?

KHRZ

8 hours ago

If that's in API price, they may be better of with the subscription.

jonahbenton

10 hours ago

The desperation is strong in this one

bravetraveler

6 hours ago

The first taste is free, with a certain perspective on equity

altairprime

6 hours ago

Isn’t that a taxable gift, i.e. reportable income for the recipient, given the normal price charged for said tokens, though?

bravetraveler

6 hours ago

I have no idea, just a BigCo engineer! Like someone getting hooked... taxes are a Later Problem. Anyway, the deal sounds less like a 'mic drop' and more like something else hitting the table.

Say 'Whizbang Model 6.8' comes out and tokens burn ~5x faster; what to do? Agree to give up less of the business or hope for proportional growth? The two million that had been agreed is no longer truly available/applicable. How this and the equity 'shake out' are probably relevant.

At risk of upsetting people, token value is arbitrary. What model, what time of day? What transaction? All to say: I have no idea what the Tax Man or our fake business would want :) Above my pay grade, thankfully!

HWR_14

5 hours ago

No, because it's an investment for equity

mawadev

3 hours ago

Very odd shadow economy that is in the making here.

bigbuppo

10 hours ago

Hey, it's the thing I said was going to happen. Thank's for taking my suggestion, Sam.

dude250711

10 hours ago

Adding more layers to circular investments.

just_once

7 hours ago

I thought code was free now

JacobAsmuth

7 hours ago

Good ideas are expensive. Which is why he's blanket investing, to catch the winners.

moogly

10 hours ago

Sounds like they have an oversupply of these tokens.

sellmesoap

7 hours ago

It's only a token offer... I'll see myself out.

phendrenad2

8 hours ago

Maybe they can borrow a few OpenAI engineers too?

seattle_spring

6 hours ago

> i am excited to see what will happen with tokenmaxxing startups, both for how they work internally and the products they can build.

Am I the only one who gets a physical, visceral churning in their gut when they read/hear someone unironically using the term "tokenmaxxing"?

This is the absolute worst timeline, and I'm embarrassed to even be in an industry adjacent to these dorks.

cyanydeez

8 hours ago

so weve officially reached the gambling sddiction portion of the LLM show. good luck FOMO