I think preparing for AI money is generally smart given Anthropic & OpenAI Foundation, though I don’t expect Ineffable specifically to have liquidity for at least a couple years.
It’s possible that there are some clever schemes that could allow David or others to start donating sooner (eg some liquidity at a raise, or borrowing against value of stock), but historically it’s not until IPO (and sometimes much later) before founders donate significant amounts.
Ex-DeepMind scientist David Silver has just raised a $5 billion valuation for his new startup, and pledged to donate 100% of the proceeds from his equity stake via Founders Pledge.
Are we prepared for the AI money to start hitting?
I think preparing for AI money is generally smart given Anthropic & OpenAI Foundation, though I don’t expect Ineffable specifically to have liquidity for at least a couple years.
It’s possible that there are some clever schemes that could allow David or others to start donating sooner (eg some liquidity at a raise, or borrowing against value of stock), but historically it’s not until IPO (and sometimes much later) before founders donate significant amounts.