E169: Elon sues OpenAI, Apple's decline, TikTok ban, Bitcoin $100K?, Science corner: Microplastics
All-In with Chamath, Jason, Sacks & Friedberg
Innovate on product, not on structure
Ensuring fair transfer of value when setting up a for-profit entity is crucial. The compensation earned by individuals through a for-profit should reflect their contributions. Assessing the charitable work conducted by the non-profit organization is essential to avoid being labeled as a shell entity. Structuring a startup as a c-corp is a reliable method, as innovation on legal structures can lead to complications. Open AI faces challenges due to its structure, with concerns about the non-profit entity at the top and potential legal issues arising from innovative structures.
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