Don’t worry they will just limit them to a 10x return but then later on just convert to for profit and fahgetabout the cap!
I don't think Anthropic (the only major PBC in this space) ever did this.
OpenAI did but they had a totally different structure and were never a PBC.
If these guys adopt a similar LTBT+PBC structure to Anthropic it should be more resilient.
alt Hacker News
I don't think Anthropic (the only major PBC in this space) ever did this.
OpenAI did but they had a totally different structure and were never a PBC.
If these guys adopt a similar LTBT+PBC structure to Anthropic it should be more resilient.