Comment on Sam Altman, LatelyparentComments−JumpCrisscross2ythanks to performance feesBased on public reporting, Altman's wealth came from his family office piggybacking alongside YC versus his share of carry in YC's funds.−brcmthrowaway2yWhat does this mean for dummies? Altman family was already rich?−JumpCrisscross2yWhat does this mean for dummies?He sold Loopt for $40mm and then invested his share of that into start-ups like Stripe. (That investment alone should have taken him past $100mm.)−brcmthrowaway2yOh wow, wish I had just 1% of his wealth
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Based on public reporting, Altman's wealth came from his family office piggybacking alongside YC versus his share of carry in YC's funds.
What does this mean for dummies? Altman family was already rich?
He sold Loopt for $40mm and then invested his share of that into start-ups like Stripe. (That investment alone should have taken him past $100mm.)
Oh wow, wish I had just 1% of his wealth