While responding to replies, it seems that Graham was informed — and later confirmed — that Altman had, in a pretty clear conflict of interest and obviously unbeknownst to YCombinator leadership, invested a tidy sum of $10 million through YCombinator into OpenAI’s for-profit arm.
The emphasized phrase doesn’t make sense. At the time, Altman was YCombinator leadership. Graham had retired to England by then; it’s hardly unusual or surprising that he wasn’t keeping track of every single YC investment.
A startup from the current crop whose $500K investment for 7%? Sure.
Pretty much the hottest topic ON THE PLANET, north of $80B valuation? Yeah, I'm a bit more skeptical that "it's not unusual he wouldn't be paying attention to that investment".
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The emphasized phrase doesn’t make sense. At the time, Altman was YCombinator leadership. Graham had retired to England by then; it’s hardly unusual or surprising that he wasn’t keeping track of every single YC investment.
A startup from the current crop whose $500K investment for 7%? Sure.
Pretty much the hottest topic ON THE PLANET, north of $80B valuation? Yeah, I'm a bit more skeptical that "it's not unusual he wouldn't be paying attention to that investment".