become more resistant to board

One European VC predicted that the events will have an impact on all term-sheet negotiations: “I would expect founders to become more resistant to board control over CEO replacement and other similar terms.

They will clearly ask ‘if this can happen to Sam Altman, why should I assume it won’t happen to me?’”

At an even more practical level, a lot of European applied AI startups are very reliant on OpenAI, which is (whatever anyone says) head and shoulders above most alternatives.

The turmoil at OpenAI seems to be pushing the business more into the hands of Microsoft and that could have quite major implications for companies reliant on OpenAI’s platform… “especially if that company is competitive with or outside the Microsoft ecosystem,” they pointed out.