likened it to the debacle that

Another pointed out that after OpenAI’s much lauded Demo Day, it was seen as “the most extraordinary kind of business,” but now looks like “an absolute shit show.” They likened it to the debacle that was WeWork, “but at least no proper VCs are in this one, as it’s a mix of nonprofit and for-profit and no one understands how that works.”

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?’”