OpenAI's original VC bet: How Vinod Khosla stepped in after Elon Musk balked [Fortune]
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Source: Fortune
Recommended Video Here's how it played out, as Khosla told Fortune. First Musk balked at following through on a pledged $1 billion for OpenAI, insisting on control and effectively holding Altman and his team “hostage.” So Altman went looking for a white knight. Khosla calls Musk a “great entrepreneur” but recalls that, “it seems like he wanted it like a private fiefdom with him in charge.” The terms of Khosla's investment were not for the faint of heart: $50 million at a $1 billion valuation into what was, at the time, a nonprofit with no clear commercial model. Khosla said it was the largest initial check he'd written in 40 years by a factor of two and the only time in Khosla Ventures history he sent an apology letter to LPs explaining that he knew how “foolhardy” the deal looked but was “doing it anyway.” How's that working out? OpenAI has restructured into a public-benefit corporation and granted Microsoft a 27% stake worth about $135 billion, as part of more than $13 billio
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CART
Earnings
- 2/12/26 - Miss
CART
Sec Filings
- 3/18/26 - Form 4
- 3/16/26 - Form 144
- 3/13/26 - Form 4
- CART's page on the SEC website