This chapter explores the evolution of OpenAI's structure, from a nonprofit to a capped profit LLC, and provides an analysis of the board dynamics, highlighting recent events and offering insights for founders on building their own boards.
Episode 70: Alex Lieberman (@businessbarista) and guest Brett Adcock (@adcock_brett), discuss how to successfully build a startup board. Brett is a serial entrepreneur who has raised over $1 billion of venture capital and has constructed four boards during his career. He is currently building Figure, an AI robotics company, and before Figure, he built Archer, an electric vertical takeoff and landing business that was taken public via SPAC. Brett also founded Vettery, which sold to Adecco for $100 million. Brett shares his thoughts on boards and what founders must think about to intentionally build one.