Gurley notes OpenAI already has the most complex cap structure ever seen, now adding lease liability.
“So this company already had probably the most complex cap structure of any company like it that we've ever known,”
Gurley says OpenAI already has the most complex cap structure ever and is adding more complexity.
“So this company already had probably the most complex cap structure of any company like it that we've ever known, and they're gonna be putting one more complex piece on top.”
Gurley defines complex systems as multi-variable non-linear systems that can behave unpredictably when one variable switches.
“And multi variable non linear systems are very hard to predict. They can behave one way for a long time, and then one variable can switch and they can behave another way.”