Sam Altman Offers AI Tokens in Exchange for Equity from Y Combinator Startups
During a recent event, Sam Altman offered $2 million worth of OpenAI tokens to every startup in the current Y Combinator cohort. The offer is structured as an uncapped SAFE agreement that converts during each startup's first priced round, typically its Series A funding.
Topics: artificial intelligence OpenAI startup funding venture capital Y Combinator