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OpenAI Chaos Continues with Sunny Madra and David Sacks | E1852
This Week in Startups
The importance of alignment and structure in company ownership
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- A company's success is dependent on widespread ownership and alignment among founders, VCs, and employees.
- Founders typically have broad latitude to run the company, as long as everything is working well.
- Interventions and interventions only occur during crises or serious issues.
- The structure of Silicon Valley has been perfected over decades and is supported by Delaware Sea laws.
- The original sin in this structure was the incorporation of non-stock price incented individuals on the board.
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