Sam Altman makes 'mic drop' offer to every Y Combinator startup

blitzar•about 4 hours ago

Is the "mic drop" in the headline refering to how bad a deal this is for any startup that takes it?

shimman•about 11 hours ago

What a great way to boost usage before an IPO. Definitely not scammy behavior!

xg15•about 2 hours ago

Is the term "tokenmaxxing" now really used unironically and as a desirable thing?

1123581321•about 9 hours ago

This sounds like how you get (or at least used to get) free AWS and Azure credits in your first x years as a startup or until you met revenue thresholds. You wouldn't get as many, but, you didn't have to give up a share of your company, to my knowledge.

Were there actually larger credit grants that would've been in exchange for equity, or, is OpenAI doing something novel?

KHRZ•about 12 hours ago

If that's in API price, they may be better of with the subscription.

jonahbenton•about 14 hours ago

The desperation is strong in this one

bravetraveler•about 11 hours ago

The first taste is free, with a certain perspective on equity

altairprime•about 10 hours ago

Isn’t that a taxable gift, i.e. reportable income for the recipient, given the normal price charged for said tokens, though?

bravetraveler•about 10 hours ago

I have no idea, just a BigCo engineer! Like someone getting hooked... taxes are a Later Problem. Anyway, the deal sounds less like a 'mic drop' and more like something else hitting the table.

Say 'Whizbang Model 6.8' comes out and tokens burn ~5x faster; what to do? Agree to give up less of the business or hope for proportional growth? The two million that had been agreed is no longer truly available/applicable. How this and the equity 'shake out' are probably relevant.

At risk of upsetting people, token value is arbitrary. What model, what time of day? What transaction? All to say: I have no idea what the Tax Man or our fake business would want :) Above my pay grade, thankfully!

HWR_14•about 9 hours ago

No, because it's an investment for equity

kotaKat•about 3 hours ago

It's just a little casual grooming for customers to prey on, is all.

dTal•about 4 hours ago

Reminder that "$2 million worth of OpenAI tokens" is meaningless and codes for "as much access to OpenAI infrastructure as Sam Altman feels like letting you have".

interstice•about 4 hours ago

It could be at cost, but probably not

mawadev•about 7 hours ago

Very odd shadow economy that is in the making here.

interstice•about 4 hours ago

Like sci-fi with currency based in kwh or life minutes but this time it's tokens

dude250711•about 14 hours ago

Adding more layers to circular investments.

just_once•about 12 hours ago

I thought code was free now

JacobAsmuth•about 11 hours ago

Good ideas are expensive. Which is why he's blanket investing, to catch the winners.

just_once•about 3 hours ago

But why would they agree? Coding is free (or at least $200 a month)

bigbuppo•about 14 hours ago

Hey, it's the thing I said was going to happen. Thank's for taking my suggestion, Sam.

moogly•about 14 hours ago

Sounds like they have an oversupply of these tokens.

sellmesoap•about 11 hours ago

It's only a token offer... I'll see myself out.

seattle_spring•about 10 hours ago

> i am excited to see what will happen with tokenmaxxing startups, both for how they work internally and the products they can build.

Am I the only one who gets a physical, visceral churning in their gut when they read/hear someone unironically using the term "tokenmaxxing"?

This is the absolute worst timeline, and I'm embarrassed to even be in an industry adjacent to these dorks.

phendrenad2•about 12 hours ago

Maybe they can borrow a few OpenAI engineers too?

cyanydeez•about 12 hours ago

so weve officially reached the gambling sddiction portion of the LLM show. good luck FOMO

Sam Altman makes 'mic drop' offer to every Y Combinator startup

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Discussion (25 Comments)Read Original on HackerNews