I want to know rank and file salaries as opposed to stock options

Maybe a wild round of mergers & acquisitions, combined with regulatory capture and some monopoly will be what settles everything. Probably with a crash in the middle of it all.

At least the revenue is large enough to cover the payroll. That's a good milestone.

Not really a fan of Altman, but I don't mind the competition he brings to the landscape.

When I see this technology improve and free the lives of those whose salary is akin to slavery, then I might reconsider.

Context: I've been reading about the Mondragon Corporation, and it seems a much better model than this maximum extraction economy we are building. I'll submit a story for it, although I discovered it through a HN book recommendation (Kim Stanley Robinson).

It usually ends in blood and tears, for both employees and investors.

BUT: the SOTA has been greatly advanced, which matters a great deal more than the destiny of a particular corporation or the social status of sam-i-am.

So, overall: good news.

The excellence is there.

Anyone know if that’s true? I only heard it second hand.

https://www.levels.fyi/blog/openai-compensation.html

Might change how you evaluate the value here.

Anyone that works for startups knows that it’s not really “compensation” until it’s cash in your bank account. Until then it’s just a theoretical number on paper, which tends to end up being worth a lot less than originally advertised/hoped.

I’ve lost track of the number of times that someone’s startup got acquired for (insert what sounds like a big number) and everyone is like “wow the employees must all be rich” only to find out later that after preferred cap tables and other terms the employees got very little.

A lot could happen here, but history says “watch this space” on this stock-based comp. Some options on the secondary markets but that only works as long as OpenAI can convince more people to dump money on the burning pile of cash they have going at the moment.