I was reading various stories on how the CEO of OpenAI, Sam Altman, has been fired from his position which made a lot of people wonder why as it seemed like the organization was growing. Especially with all the buzz ChatGPT is getting. It came down to the company’s board not having confidence that he would be able to lead the company to where they want it to be.
The thought of being a co-founder of a company to then get ousted by say board members seems kind of crazy in itself but not unheard of course. It’s often a reason I hear on why people debate if they want any kind of outside funding in exchange for control over one’s company. Many people can’t fathom the idea of this happening where the company you built ends up removing you.
Then again, you could argue it never would have gotten that big without investor money in the first place. So maybe that’s just simply the trade-off where you have to prepare for the possibility of not having any further association with the business. It’s different if one intentionally sells the company because they wanted the big pay day. I heard some companies like Newegg kind of did that where I believe the operators used to rum egghead.com which was sold only to then start up pretty much another online business that was very similar. Who knows what will happen in OpenAI now.