from Hacker News

Ask HN: What does OpenAI cap table look like?

by boltzmannbrain on 12/18/20, 2:05 PM with 1 comments

Given the OpenAI restructuring as a "capped profit" LP [1], what does the cap table look like? What ownership do cofounders and investors have, and in what parts of the organization?

[1] https://openai.com/blog/openai-lp/

  • by boltzmannbrain on 12/18/20, 2:09 PM

    "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?