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Ask HN: What does OpenAI cap table look like?
3 points by boltzmannbrain 2006 days ago
Given the OpenAI restructuring as a "capped profit" LP [1], what does the cap table look like? What ownership do cofounders and investors have, and in what parts of the organization?

[1] https://openai.com/blog/openai-lp/
1 comments
boltzmannbrain 2006 days ago
"OpenAI LP is a for profit Delaware Limited Partnership managed by its General Partner, a single-member Delaware LLC controlled by OpenAI Inc (the nonprofit)'s Board of Directors."

Could someone explain this, and why specifically LP and LLC are the corporate entities?

link