Live data from Hacker News

Before OpenAI, Sam Altman was fired from Y Combinator by his mentor

washingtonpost.com

671–680 of 798 posts

Re: Before OpenAI, Sam Altman was fired from Y Combinator by his mentor

#671
post #363

Earlier quoted context omitted.

Paul's wife has a huge financial stake in OpenAI, so I suspect massive success there has softened his opinion.

These are donations. How that becomes investment / financial stakes? (It is a question, since how the transition to capped-profit left a lot of questions unanswered).

Donations are to the non-for-profit, but now that there is a for-profit arm, private investors can purchase "stock" if you want. Share of the company that grants them some percentage of the company profit (when it eventually starts turning a profit).

And they can also resell those "shares" to other people, at whatever prices people are willing to pay for them.

The only restriction is there is a 100x cap on return. So if you paid 1 billion for your "shares", once they've returned you 100 billion as a profit percentage, or by reselling the "shares" to other people, you can't make anymore money for the profit sharing.

But if you still have "shares", you can still sell them to others at whatever price they want.

So for example, say I buy 100 shares worth 100$ each. That's worth 10k total. My cap is thus at 1 million.

Say there are 1000 shares total, that means I'm owed 10% of the profit OpenAI makes. But after making 1 million, it stops and I'm not owed anymore profit.

That said, I still have 100 "shares". They just stop returning me a percentage of the profit. But I can sell those shares to someone else at whatever price they want. So I could sell them to someone else at 200$ each. And the person that receives them is now owed profit from the percentage of share he owns up to their own cap, which for them would be based on a 200$ price, so they can make a profit return up to 100x of 200$.

Re: Before OpenAI, Sam Altman was fired from Y Combinator by his mentor

#672
post #507

Earlier quoted context omitted.

You guys just believe whatever you read. Things that can easily be debunked with common sense. For example, there's a lot of yellow in this factory tour he did: https://www.youtube.com/watch?v=mr9kK0_7x08

I indeed see fairly minimal safety colors and patterns in that video. I don't know where you see "a lot". And you do realize that there have been investigative journalists, federal inspections, and lawsuits regarding this? So all those people are just making it all up so that I can just believe whatever I read?

musk fanboyism is a religion, it doesn't have to be grounded in facts to be true to people who believe in it

musk is sending strike breakers to sweden to make it so that unions there can't do their job to protect workers so he obviously can't give a damn about his employees' safety

doesn't change the fact that people will still log on blogs and websites everyday to defend him like he's the second coming of jesus

Re: Before OpenAI, Sam Altman was fired from Y Combinator by his mentor

#673

> One of those people whose career Altman helped propel was Ilya Sutskever, chief scientist and board member at OpenAI — the person who ultimately fired him. Ilya was plenty successful before OpenAI and would've been just fine without Altman helping to "propel" his career.

This statement about Ilya seems just ridiculous to me. Ilya was one of the people who created all these ML/Deep Learning hype with the "ImageNet moment". I don't care much about all this VC stuff, but before 2023, Ilya seemed to me much more famous than Sam.

Sam is the entrepreneur / vision guy so he gets all the love here as opposed to the actual tech guy

It's modern Jobs / Wozniak and Hacker News, despite the name, is ultimately fan service for the archetype of the former, not the latter

Re: Before OpenAI, Sam Altman was fired from Y Combinator by his mentor

#674

It's oh so weird the article does not mention any of these though... - https://twitter.com/phuckfilosophy/status/163570439893983232... (SA's sister - also have a look at her recent posts) - Also: https://www.lesswrong.com/posts/QDczBduZorG4dxZiW/sam-altman... (utterly distressing) - https://twitter.com/elonmusk/status/1727096607752282485 (check the comment with snapshots of the letter - "strangely" that Gist was dele…

Also he does seem to have "crazy eyes" [1].... Yeah it's not entirely scientific but a lot of manipulative exec types have them. Elizabeth Holmes comes to mind... [1] https://www.insider.com/you-can-spot-psychopaths-by-looking-...

it's zero percent scientific actually

Re: Before OpenAI, Sam Altman was fired from Y Combinator by his mentor

#676

From Paul Graham's Twitter, three days ago: "No one in the world is better than Sam at dealing with this kind of situation." Jessica Livingston retweet: "The reason I was a founding donor to OpenAI in 2015 was not because I was interested in AI, but because I believed in Sam. So I hope the board can get its act together and bring Sam and Greg back." Also from a sibling comment: https://twitter.com/search?q=from:paulg…

That’s all we’ll and good, but neither does it contradict TFA.

Re: Before OpenAI, Sam Altman was fired from Y Combinator by his mentor

#677

Earlier quoted context omitted.

He was CEO of Y combinator, of which this forum is sponsored and maintained by. He’s the CEO of OpenAI, which is responsible for the most-discussed advancement in technology for the past year. So it’s not that unusual for this to be discussed on a technology-focused forum. He’s also the centre of a massive firestorm, where extremely atypical corporate behaviour was very recently taking place. Again, highly relevant t…

I definitely get the high-level of interest and reason it's a popular topic on here. What I don't get is the intense emotional investment people have in this person. Not so much on HN but definitely elsewhere in social media.

a lot on HN actually, it's basically religion like it was with Steve Jobs

Re: Before OpenAI, Sam Altman was fired from Y Combinator by his mentor

#678
post #665
post #640

Earlier quoted context omitted.

Does YC? Or are you just irrelevantly musing? Or is this where we pretend that leading YC is even vaguely similar to being a rogue cop, in terms of potential impact on people’s lives?

>Or is this where we pretend that leading YC is even vaguely similar to being a rogue cop, in terms of potential impact on people’s lives? If a cop shoots someone and kills them, it destroys that life and possibly the family of those around him, the legal system kicks in -- that cop gets ousted or thrown into prison. how many lives have been destroyed by the mere existence of reddit and twitch, and by extension the h…

The same guys who boost time and time again about “making the world a better place” would like everyone to wave away the responsibility on negative externalities their companies cause.

Re: Before OpenAI, Sam Altman was fired from Y Combinator by his mentor

#679

If this is true, interesting, as PG was several times profits over ethics (e.G. see the AirBnB discussion on HN he participated in).

It is somewhat different. AirBnB founder Nathan Blecharczyk was not shopping around, but rather at some point he was the largest spammer in USA, where even FBI was interested in his dealings. Interestingly, the 3 articles I was able to find on this subject some 5 years ago (and posted to HN at some point) from major news outlets, are all gone now. I think hurting your own business versus being a scumbag scammer will…

"I think hurting your own business versus being a scumbag scammer will get you much different treatment, even from PG. "

But AirBnB was defended by PG and Altman fired? You see me confused.

What I've ment, PG defended - as far as I remember[0] - all AirBnB unethical things, while the article says he fired Sam Altman.

[0] I might be wrong and need to search for the comments, if not deleted.

Re: Before OpenAI, Sam Altman was fired from Y Combinator by his mentor

#680

From Paul Graham's Twitter, three days ago: "No one in the world is better than Sam at dealing with this kind of situation." Jessica Livingston retweet: "The reason I was a founding donor to OpenAI in 2015 was not because I was interested in AI, but because I believed in Sam. So I hope the board can get its act together and bring Sam and Greg back." Also from a sibling comment: https://twitter.com/search?q=from:paulg…

Mature adults can certainly think that someone else is not fit for one job (running YC) and is fit for another (handling OAI). Good business people are even better at it, knowing that makes them more money. PG certainly seems to fit that.

I've met ruthless dark triad people who I correctly predicted would be extremely successful, but I would make sure never to be work with or for.
Post reply on HN