alt Hacker News> Second, to our investors, especially Casey Aylward from Accel, who led our Seed and Series A, and Jennifer Li from Andreessen Horowitz, who led our Series B
They are buying out investors, it's like musical chairs.
The liquidity is going to be better on OpenAI, so it pleases everyone (less pressure from investors, more liquidity for investors).
The acquisition is just a collateral effect.
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jon-wood • last Thursday at 2:22 PM
I can see why the former investors and Astral founders would like that, what I don't see is what OpenAI get out of the deal.
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Are you implying that the revenue multiple on this acquisition is lower than openAIs and that they'd be making money by acquiring and folding into their valuation multiple? I think that's not the case and I would wager non existent.
This was an acquihire (the author of ripgrep, rg, which codex uses nearly exclusively for file operations, is part of the team at Astral).
So, 99% acquihire , 1% other financial trickery. I don't even know if Astral has any revenue or sells anything, candidly.