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Ask HN: What does OpenAI cap table look like?

news.ycombinator.com

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Re: Ask HN: What does OpenAI cap table look like?

#2
"OpenAI LP is a for profit Delaware Limited Partnership managed by its General Partner, a single-member Delaware LLC controlled by OpenAI Inc (the nonprofit)'s Board of Directors."

Could someone explain this, and why specifically LP and LLC are the corporate entities?