Sam Altman Offers YC Founders $2 Million in OpenAI Tokens For Equity
Summary
Sam Altman is offering Y Combinator founders $2 million in OpenAI tokens in exchange for equity in their startups.
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@sama: i am excited to see what will happen with tokenmaxxing startups, both for how they work internally and the products the…
Sam Altman announces OpenAI will offer $2 million in API tokens to every startup in the current Y Combinator batch in exchange for equity, aiming to fuel tokenmaxxing startups.
@ycombinator: OpenAI is offering $2M in tokens to every YC company in the spring and summer batches. We extended the summer deadline …
OpenAI is offering $2 million in tokens to every Y Combinator company in the spring and summer 2025 batches, with the summer application deadline extended to May 25. YC is also accepting late applications for the Summer 2026 batch.
Quoting John Gruber
John Gruber reports that Y Combinator owns about 0.6% of OpenAI, worth over $5 billion at OpenAI's $852 billion valuation.
@agupta: A side effect of this I'm very excited about: it solves the "tokens are too expensive" problem for consumer AI ideas. b…
OpenAI is offering $2M in tokens to Y Combinator startups, which could make AI tokens much cheaper and solve the cost problem for consumer AI ideas.
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