| > I always wonder why people suddenly lose “trust” in a brand, as if it was a concrete of internal relationships Brand is just shorthand for trust in their future, managed by a credible team. I.e. relationships. A lot of OpenAI’s reputation is/was Sam Altman’s reputation. Altman has proven himself to be exceptional, part of which is (of course) being able to be seen as exceptional. Just the latter has tremendous relationship power: networking, employee acquisition/retention, and employee vision alignment. Proof of his internal relationship value: employees quitting to go with him Proof of his external relationship value: Microsoft willing to hire him and his teammates, with near zero notice, to maintain (or eclipse) his power over the OpenAI relationship. How can investors ignore a massive move of talent, relationships & leverage from OpenAi to Microsoft? How do investors ignore the board’s inability to resolve poorly communicated disputes with non-disastrous “solutions”? Evidence of value moving? Shares of Microsoft rebounded from Friday to a new record high. There go those wacky investors, re-evaluating “brand” value! |
Off-topic and I am not proud to admit it but it took me a remarkably long time to come to realize this as an adult.