profit participation units

1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Jul 14, 2025 by Vlad Tenev · across every show →

Everything said about profit participation units, oldest first

Jul 14, 2025 neutral
Assertion Supported
Tenev: OpenAI Structure Relies on Profit Units Rather Than Traditional Shares
“OpenAI doesn't have shares. They're a nonprofit. So they have profit participation units and convertible interest securities that give shares upon a successful conversion to a for-profit.”
Vlad Tenev Jul 14, 2025 ▶ 16:17 Robinhood Founder & CEO, Vlad Tenev: Robinhood’s $85BN Resurgence & Tokenizing SpaceX & OpenAI · 20VC with Harry Stebbings
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.