OpenAI Offers $2M in Tokens to Every YC Startup
Sam Altman is putting OpenAI's money where Y Combinator is — $2M per startup in the current batch.
OpenAI CEO Sam Altman dropped a big move Tuesday night: the company is offering to invest $2 million in tokens in every single startup in the current Y Combinator batch.
That's not pocket change spread thin — it's $2M per company. According to a source, the investment comes in exchange for equity through a SAFE agreement, the standard startup funding instrument YC founders know well.
The deal ties OpenAI directly into the next wave of YC-backed companies at the ground floor. For Altman, who co-founded OpenAI and previously ran YC, it's a move that bridges both worlds he helped build.
No word yet on how many startups in the current batch will take the offer, but a blanket $2M commitment to an entire YC cohort is an aggressive play in the early-stage investment game.