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Joined 11 months ago
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Cake day: August 10th, 2023

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  • Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI.

    Now that is a damning statement. Usually an exec being fired is through sugar coated language like spending time with family, wants a new challenge, took a roll elsewhere, or retiring.

    As someone who has to prep docs for the board review meetings, I’m super curious as to what he lied about





  • It’s a bit more complicated than that. There are a lot of accounting tricks to be constantly making losses but end up cash flow positive.

    I don’t work or invest in Unity so I don’t have a great understanding of their metrics but companies I worked at would constantly capitalize new projects to add expenses in the future. You can structure sales deals so a new feature is added late in the contract. That pushes revenue out, but you can collect more cash early.

    If unity didn’t do share buy backs this quarter, they would have a positive cash flow. Which points to they should be a profitable company but instead are using accounting tricks to post losses to lower tax bills.