That OpenAI's Statsig Acquisition
Interesting deal: "OpenAI announced in a blog post on Tuesday that it agreed to acquire the product testing startup, Statsig, and bring on its founder and CEO, Vijaye Raji, as the company’s Chief Technology Officer of Applications. OpenAI is paying $1.1 billion for Statsig in an all-stock deal — one of the largest acquisitions ever for the ChatGPT maker — under the company’s current $300 billion valuation, OpenAI spokesperson Kayla Wood told TechCrunch."
Simply, OpenAI will give out 0.37% for the unicorn! Really?
Generally, that is the problem because that percentage does not account for the jobs the founders will be taking in OpenAI with supreme compensation. Yes, a multimillion-dollar golden parachute exit before the real exit. In other words, if a big company offers founders GREAT compensation package, anything goes for the company! That trajectory is gathering momentum after the recent legislative changes in US Congress where big companies are stripping startups their founders at scale.
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