Shadow.DAO

Tech Investor

[Emmett Shear @eshear]

Today I got a call inviting me to consider a once-in-a-lifetime opportunity: to become the interim CEO of @OpenAI. After consulting with my family and reflecting on it for just a few hours, I accepted. I had recently resigned from my role as CEO of Twitch due to the birth of my now 9 month old son. Spending time with him has been every bit as rewarding as I thought it would be, and I was happily avoiding full time employment. I took this job because I believe that OpenAI is one of the most important companies currently in existence. When the board shared the situation and asked me to take the role, I did not make the decision lightly. Ultimately I felt that I had a duty to help if I could.

I have spent today drinking from the firehose as much as possible, speaking with the board, a small number of major partners, and listening to employees. Our partnership with Microsoft remains strong, and my priority in the coming weeks will be to make sure we continue to serve all our customers well. OpenAI employees are extremely impressive, as you might have guessed, and mission-driven in the extreme. And it’s clear that the process and communications around Sam’s removal has been handled very badly, which has seriously damaged our trust.

I have a three point plan for the next 30 days:
- Hire an independent investigator to dig into the entire process leading up to this point and generate a full report.
- Continue to speak to as many of our employees, partners, investors, and customers as possible, take good notes, and share the key takeaways.
- Reform the management and leadership team in light of recent departures into an effective force to drive results for our customers.

Depending on the results everything we learn from these, I will drive changes in the organization — up to and including pushing strongly for significant governance changes if necessary. I will be rolling these out as they become clear over the 30 day period. OpenAI’s stability and success are too important to allow turmoil to disrupt them like this. I will endeavor to address the key concerns as well, although in many cases I believe it may take longer than a month to achieve true progress.

I have nothing but respect for what Sam and the entire OpenAI team have built. It’s not just an incredible research project and software product, but an incredible company. I’m here because I know that, and I want to do everything in my power to protect it and grow it further.

It's now 1am and I'll pick this up tomorrow.

PS: I am posting this here both because I think it’s in the general public interest to know in this case, but please don’t expect all future internal comms to come through a public channel.

PPS: Before I took the job, I checked on the reasoning behind the change. The board did *not* remove Sam over any specific disagreement on safety, their reasoning was completely different from that. I'm not crazy enough to take this job without board support for commercializing our awesome models.

[Shadow.DAO @shadow_web3]

@brianvortiz bundle

[doodles @doodles]

A letter to our community

[doodles @doodles]

SOON™️

[Ingi Erlingsson 🪄 @ingi_erlingsson]

I’m thrilled to announce that @_goldenwolf_ is in the process of being acquired by @doodles!

After running the studio for 10 years (time flies), this truly feels like a huge step towards taking our team and brand to the next level. A thread 🧵 1/16

[Shadow.DAO @shadow_web3]

@austin_hurwitz @doodles Welcome!

[Shadow.DAO @shadow_web3]

@poopie Doodles

[Shadow.DAO @shadow_web3]

@xWingmanWeb3 Hey @xWingmanWeb3 missed this! Love to join in 2023, how to DM you?

[db @tier10k]

[DB] SEC Charges Samuel Bankman-Fried With Defrauding Investors in Crypto Asset Trading Platform FTX

[Phil Bak @philbak1]

What is happening now with private REITs is more important to markets than the FTX blow up. More impactful and just as interesting, although without the Tom Brady storyline. Let's unpack it.
1/

[cygaar @0xCygaar]

With the events from the past week, It's become clear that being able to read a block explorer is an important skill to have. Doing so will allow you to understand what's happening on-chain without needing to trust anyone else.

Here's a simple guide on how to read Etherscan 🧵:

[SBF @SBF_FTX]

1) I'm sorry. That's the biggest thing.

I fucked up, and should have done better.

[Cobie @cobie]

A msg from SBF on FTX slack that got leaked to me by some telegram anon, have verified its real w another

[Lucas Nuzzi @LucasNuzzi]

1/ I found evidence that FTX might have provided a massive bailout for Alameda in Q2 which now came back to haunt them.

40 days ago, 173 million FTT tokens worth over 4B USD became active on-chain.

A rabbit hole appeared 🧵👇

[CZ 🔶 BNB @cz_binance]

This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire https://t.co/BGtFlCmLXB and help cover the liquidity crunch. We will be conducting a full DD in the coming days.

[Shadow.DAO @shadow_web3]

@baobaoz_nft Wanna join!

[Video Music Awards @vmas]

Detroit → Long Beach → The #VMAs Stage

Absolutely legendary performance of "From the D 2 The LBC" from @eminem and @snoopdogg!

[6529 @punk6529]

1/ On Being Efficient With Busy People

This is a thread for people at junior to mid stages in their career (people at senior levels generally operate this way and, at very senior levels, they all operate this way).

It is updated for 2022 practices

[Shadow.DAO @shadow_web3]

@Dwyer1987 @doodles Gm

[Shadow.DAO @shadow_web3]

@nftpho @FrensWCal Just did!