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deanmoriarty | 6 months ago
When employees are generously (and proactively) compensated for the financial milestones of the company, HN be like: it’s a bubble, it’s irresponsible, investors are fools, off with their heads!
I applaude OpenAI and its investors for approving these moves. Even if it’s a bubble, sharing some of it with employees “before it bursts” is a noble action. I worked in startups where management kept employees in complete illiquidity until full wipeout inevitably happened, while many senior folks were able to take some off the table in targeted secondary transactions.
SkyPuncher|6 months ago
Forums are composed of diverse sets of opinions and perspectives. When you get a lot of opinions together, opinions change - some of which can be explained simply by randomness.
yieldcrv|6 months ago
tim333|6 months ago
buttercraft|6 months ago
prossercj|6 months ago
lovelearning|6 months ago
georgemcbay|6 months ago
There is a serious AI bubble right now and also it is the norm in the startup/VC world to fuck over regular employees.
I'm happy for any normal people who got 1.5M here. But even in this case I believe this has more to do with weird poaching politics (and hype building) than it does being legitimately altruistic.
stanleykm|6 months ago
zeld4|6 months ago
the bar for being noble is just low. or maybe I should interpret noble has the noble class in the history, that actually describes it well.
stronglikedan|6 months ago
mitthrowaway2|6 months ago
crystal_revenge|6 months ago
duxup|6 months ago
seemack|6 months ago
j_timberlake|6 months ago
Any normal post "applauding a company" for trying to not get its employees poached would be downvoted, and all the replies are negative too.
deanmoriarty|6 months ago
Startups I worked before, who lost talent due to FAANG poaching (myself included), did not even have the business acumen to fight that, which would have been trivially possible by offering some liquidity at their “inflated” valuation. Instead, they kept those liquidity opportunities gated to senior management and investors. So I am applauding the difference in behavior here.