Investors get spooked the only thing they can do is mark it to zero. There's no ... | Hacker News

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harry8 15 days ago | parent | context | favorite | on: Apple sues OpenAI, accuses ex-employees of stealin...

Investors get spooked the only thing they can do is mark it to zero. There's no "getting your money back" It has been spent on salaries, servers, Washington PR firms, political donations...

amazingman 14 days ago | [–]

I'm talking about the money in the bank, the promised money to come, etc. Of course the spent money is already spent.

csomar 14 days ago | [–]

We don't know the specifics of openai fund raises, but there are generally clawback clauses.

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