тАЬ To build a board from scratch, a companyтАЩs founders and any early executive recruits will often seek out directors with deep pockets to help fund operations, Heller said. They will also look to executives who have led similar companies so they can offer an experienced-based perspective, she said.
Silicon Valley startup boards typically are dominated by investorsтАФthe people with the most stake in the success of the businessтАФOpenAIтАЩs charter bars the majority of the board from having a financial stake in the for-profit arm.тАЭ
"The board of directors represent the owners of the company aka the investors"
In a traditional company that's true, but not here.
So how did these people come to have control over the company? DonтАЩt leave me hanging!
тАЬ To build a board from scratch, a companyтАЩs founders and any early executive recruits will often seek out directors with deep pockets to help fund operations, Heller said. They will also look to executives who have led similar companies so they can offer an experienced-based perspective, she said.
Silicon Valley startup boards typically are dominated by investorsтАФthe people with the most stake in the success of the businessтАФOpenAIтАЩs charter bars the majority of the board from having a financial stake in the for-profit arm.тАЭ
That would be the origin story.
It was started as a non-profit, the board is from then.,
https://www.wsj.com/tech/ai/openai-board-members-directors-dea51459?reflink=desktopwebshare_permalink