shimman
6 hours ago
What a great way to boost usage before an IPO. Definitely not scammy behavior!
6 hours ago
What a great way to boost usage before an IPO. Definitely not scammy behavior!
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?
8 hours ago
If that's in API price, they may be better of with the subscription.
10 hours ago
The desperation is strong in this one
6 hours ago
The first taste is free, with a certain perspective on equity
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?
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!
5 hours ago
No, because it's an investment for equity
3 hours ago
Very odd shadow economy that is in the making here.
10 hours ago
Hey, it's the thing I said was going to happen. Thank's for taking my suggestion, Sam.
10 hours ago
Adding more layers to circular investments.
7 hours ago
I thought code was free now
7 hours ago
Good ideas are expensive. Which is why he's blanket investing, to catch the winners.
10 hours ago
Sounds like they have an oversupply of these tokens.
7 hours ago
It's only a token offer... I'll see myself out.
8 hours ago
Maybe they can borrow a few OpenAI engineers too?
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.
8 hours ago
so weve officially reached the gambling sddiction portion of the LLM show. good luck FOMO