So here we are. At a time when every 2nd software startup’s core value is owed to and owned by OpenAI.

Sam isn’t going back and 70% of the employees at OpenAI including the dude who orchestrated the whole thing is planning to quit. The CEO of MS has basically given them all an open invitation to come right on over. The coffee’s fresh and there’s apple pie in the oven.

We always talked about how odd it was for YC was to consider, interview, and even invite these wrapper startups to their accelerator. Despite this, we knew that it was likely a safe enough bet to march on. Somehow, someway, this got all fucked up. Founders of these companies should be experiencing an existential crisis right abouuuuuut . . . now.

Something tells me that demo day is going to be a little less exciting when the core of pretty much every product is known to be backed by pissed off investors, incompetent board members, and employees who are all hours or days away from quitting (if they haven’t already).

I’ve never seen such an up and coming company torn to shreds over the course of a weekend. It’d be impressive it wasn’t so idiotic.

For those who wish to see the silver lining, realize this. For something like this to happen is further proof that none of us have any clue what we’re doing. That includes leadership of one of the most important companies to have ever existed. If there was ever a time for you to doubt yourself a little less, it’s today. You’ll never manage yourself as poorly as the Board of OpenAI.

Thanks and have a great evening!

  • Healthy-Quarter5388@alien.topBEnglish
    1·
    10 months ago

    For something like this to happen is further proof that none of us have any clue what we’re doing. That includes leadership of one of the most important companies to have ever existed.

    I don’t know, seems to me the leadership team (who all sided with Sam) knows exactly what they are doing. It’s their board that’s out of touch.

    But, if you’re building something more than a wrapper, don’t put all your eggs in one basket, evaluate alternatives.

    • SnooChickens9574@alien.topBEnglish
      1·
      10 months ago

      It was a hostile takeover of the CEO position Those who apologized are the ones responsible

      Ilya and Mina

      Mina didn’t want to leave the CEO interim position

      It

      Was

      Fucking

      Greed

      • chipstastegood@alien.topBEnglish
        1·
        10 months ago

        I agree with you that it was basically this. Funny thing is, I saw this first hand at a small startup of 30 people with only a couple million in funding where the CFO was trying to get the CEO ousted and take over as the new CEO. In that case, it didn’t work and the CFO along with accomplices was shown the door. Never thought a $90 billion company would experience the same problem.

          • chipstastegood@alien.topBEnglish
            1·
            10 months ago

            The perpetrators were trying to get enough votes to oust the CEO. Same as what happened with OAI. It’s just that one of the key people leaked it to the CEO they were trying to oust and the whole thing fell through.

          • chipstastegood@alien.topBEnglish
            1·
            10 months ago

            The perpetrators were trying to get enough votes to oust the CEO. Same as what happened with OAI. It’s just that one of the key people leaked it to the CEO they were trying to oust and the whole thing fell through.