What does “clawing back equity” really mean?

Рет қаралды 2,139

Күн бұрын

Пікірлер: 37

@DrWaku 6 ай бұрын

Sorry guys, I like OpenAI too. Have to call out this type of behavior though. Discord: discord.gg/AgafFBQdsc Patreon: www.patreon.com/DrWaku

@trycryptos1243 6 ай бұрын

Very educative, thank you Dr.Waku..

@TaylorCks03 6 ай бұрын

This is what we call rich people problems. However, I can see how it affects everyone. Ty Dr.

@DrWaku 6 ай бұрын

Haha yes rich people problems. The viewership for this video is way down compared to others, which I thought might be the case :) I know a fair bit about startups though so I thought it was still worth making.

@Nelliනෙල්ලි 6 ай бұрын

You are very good at explaining complicated stuff, good job brother! ❤

@DrWaku 6 ай бұрын

Thanks for watching :)

@Neomadra 6 ай бұрын

Wait... the employees have to buy their vested equity???

@DrWaku 6 ай бұрын

Typically yes, if the company is giving out stock options rather than equity directly, which is the vast majority of the time. Weird isn't it?

@MichaelDeeringMHC 6 ай бұрын

Great video. Outstanding. Please make a video about what functions an AGI would need that the current models don't have.

@DrWaku 6 ай бұрын

Thank you! Appreciate it. I think you've asked for this topic before so maybe time to put it at the top of the list.

@AnotherYTSurfer 2 ай бұрын

what a way of explaining. amazing. thanks brother 👍

@DrWaku 2 ай бұрын

Thanks a lot for your comment :)

@Me__Myself__and__I 5 ай бұрын

Not quite on the equity. First not all equity is in the form of "stock options". For options the employee does (kinda) need to pay for the shares (at the grant price, not the current price). I say kinda because it is common for these programs to allow for selling the options without requiring payment where the employee recieves the difference. But employees can also be granted equity - not options. In this case the employee is literally given shares or an ownership stake and the employee does not have to pay anything. Both are pissible, I have received both in the past. Also 4 years is not a standard. I've often had equity that vested over 3 years. I've also had equity that vested due to passing milestones / co pleting some agreed upon condition.

@sammyboiz 6 ай бұрын

I think there are too many timestamps. I dislike it and its probably extra work for you. Anyways, love what you do.

@DrWaku 6 ай бұрын

Thanks. I try to put one every 30-60 seconds right now. You think maybe half as many would be good? Or fewer?

@roccov1972 6 ай бұрын

@@DrWakuI’d vote for fewer. But I watch the whole videos anyway. Thanks!

@users416 6 ай бұрын

Thanks for the video, this is a very detailed explanation of the situation

@MichaelDeeringMHC 6 ай бұрын

Please make a video about what advantages an AGI would have over a human brain, due to running in a computer.

@DrWaku 6 ай бұрын

Great ideas. Keep them coming :)

@hdthor 6 ай бұрын

Human communication speed is 38 bits per second. AGI or ASI can process 2 MB per second and with enough compute it can scale to GB or TB per second. That means reading speed is already hundreds of thousands of times faster, and soon millions or billions of times faster. It also affects writing speed, which is useful in CoT (chain of thought) style problem solving where it needs an inner monologue to help guide it to the answer. So, communication speed is crucial. For both reading data as well as the inner monologue speed in CoT.

@2346Will 6 ай бұрын

Thank you for the video! Do you think that there are any grounds for an anti-trust case with Nvidia and/or OpenAI?

@DrWaku 6 ай бұрын

With Nvidia, I would say yes because of the way they guard their cuda ecosystem. With OpenAI, probably yes as well because you could say that Microsoft effectively bought them without undergoing a merger review that would be needed for any purchases by such a large company.

@Me__Myself__and__I 5 ай бұрын

Lol. Also, just fyi, not everyone considers that growth and change of startups high stress. I love working at startups: changing, adapting and learning on the fly is fun. I find working for large corporations where they slot you into a cookie cutter position and you get in trouble for going outside your lane way more stressful. But most startups aren't well funded so large cotps tend to pay much better. 😢

@landspide 6 ай бұрын

What about Private Equity?

@DrWaku 6 ай бұрын

Much the same as venture capital. The details of deals are kept private even if it's venture capital. I guess maybe even valuations might be kept secret for private equity.

@Walter5850 6 ай бұрын

What's exactly the benefit of this equity if you have to buy it?

@DrWaku 6 ай бұрын

Hopefully, you sell it at a higher price than you bought it for.

@DrWaku 6 ай бұрын

If the company is doing well, the stock price can be expected to go up. Also, you might get a discount on purchasing it so you might be able to purchase it and then sell it immediately and still turn a profit.

@trycryptos1243 6 ай бұрын

What about government supported companies in other countries where such rules dont exist.

@ScottSummerill 6 ай бұрын

And Unicorns 1 & 2 are …. Also, how about an update on your whereabouts, etc. Last heard you were headed south.

@DrWaku 6 ай бұрын

Oh yeah I didn't mention that. ByteDance is #1 (owner of tiktok) at $225B. SpaceX #2 at 150B. OpenAI only $80B. :)

@DrWaku 6 ай бұрын

I'm back from Australia etc as you can see from my background. Spending this month packing. In July, I'll have moved and started at my new job! Very excited.

@entreprenerd1963 6 ай бұрын

I don't think that you should be using the term "exercising equity", rather "exercising equity options". I know that you're trying to keep this as simple as possible, but the next time someone encounters related terms he or she may be confused.

@DrWaku 6 ай бұрын

Fair enough. I usually hear it as equity or stock options, but it might make more sense if I had said "options".

@ScottSummerill 6 ай бұрын

So, boy this sounds like crap. You elect to take a low salary and a higher equity but then you have to buy the equity. Screwy.

@DrWaku 6 ай бұрын

Yeah exactly. I don't think everyone who works at a startup knows this is what they're signing up for.

@leeroyjenkins0 6 ай бұрын

It's a stock option. They don't all work like that. If you get compensated with actual shares you don't have to buy them. In this case the contract is that they get an option (to buy shares at a, hopefully favorable, price). That's fine. The issue is if you want to compensate me in options and then don't allow me to exercise the option, that's either a breach of contract or a shitty contract. Same if the shares are not transferable. If you're going to pay me in equity I want the same rights as any other shareholder.