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Sam Altman's compute-for-equity play could commit $338M in API credits across 169 startups, echoing tokenomics models familiar to the crypto world.
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Sam Altman just figured out how to print his own currency. And he’s spending it.
OpenAI’s CEO has offered every startup in the current Y Combinator batch $2 million worth of OpenAI API usage credits in exchange for equity. The deal structure uses an uncapped SAFE, a Simple Agreement for Future Equity, that converts into shares at the startup’s next priced round, typically a Series A.
