OpenAI Offers $2M Token Investment to Every YC Startup — SkimNews
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- OpenAI offered to invest $2 million in its tokens in each startup in the current Y Combinator batch.
- Sam Altman communicated the offer late Tuesday, stating the token investment would be exchanged for equity through a Simple Agreement for Future Equity (SAFE).
- Y Combinator batch startups would each receive a $2 M token allocation from OpenAI.
- The Information reported the details, citing a source familiar with the deal structure.
Why it matters: YC startups gain an immediate $2 M token infusion and potential equity upside, while OpenAI secures early access to promising AI ventures and expands its token adoption, offsetting recent product cuts.
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