CEO Sam Altman famously has no equity in OpenAI, but startup bets like Reddit , Stripe and Helion have made him a billionaire anyway, a Forbes investigation found.n the summer of 2017, Superhuman CEO Rahul Vohra started frantically messaging his investors one by one. His startup had tested out a pending update to Google’s web browser Chrome, and, due to one seemingly innocuous code change, Superhuman’s smart email service had broken overnight.
“Sam is rare in that he’s a capable investor, but he’s also making bold bets,” says Reid Hoffman, the LinkedIn cofounder and former longtime OpenAI board director. “A lot of investors are fearful of failing. They invest in things that will make money, but aren’t going to be potential big public failures. Sam is very comfortable with taking the big bet.”
Altman’s personal collection of technological artifacts, for example — described to Forbes by Hoffman as including jet engines and Bronze Age swords — could not be appraised. As CEO, Altman flattened the pay structure for the firm’s senior partners, including himself, so that all received similar portions of YC fund profits raised during this period, including Continuity’s $700 million first fund and $1 billion second fund, according to a source familiar with their structure.
“Sam's investment philosophy is rooted in his deep conviction in the founders that he supports and his belief in their potential to propel human progress.”a nuclear power purchase deal with Microsoft in 2023, and Retro Biosciences, which aims to add 10 years to the average human lifespan. Altman invested $375 million personally into Helion’s 2021 funding round after the company struggled to raise funding, Altman toldin 2020 and a source with knowledge confirmed.
After a decade-plus of investing, Altman’s funds aren’t small. Hydrazine Capital’s four funds boast $1.7 billion in gross assets, with another $500 million held by Apollo Projects’ fund, per March regulatory filings. Most of that is held on behalf of others, not Altman, four lawyers and experts who deal with registered investment advisors like Altman’s firms confirmed with.
Openai Chatgpt Y Combinator Reddit Stripe Hydrazine Apollo Projects Helion Retro Biosciences
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