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OpenAI formed ↓ OpenAI LP
OpenAI announced on 11 March 2019 that it was creating OpenAI LP as a hybrid of a for-profit and a nonprofit, which it called a “capped-profit” company. Investors and employees could receive a capped return, with the first round of investors capped at 100 times their investment, and returns beyond the cap would go to OpenAI Nonprofit. Copy claim link
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Supporting evidence: primary · 1 source
Date 2019-03-11 · announcement Scope and limits OpenAI’s own account of a structure it was creating. It is not evidence of the partnership’s formation date, its agreements or any payment of returns. The post says that “OpenAI” would from then on refer to OpenAI LP and the original entity to “OpenAI Nonprofit”, and that caps for later rounds would be negotiated per limited partner and expected to be lower. Control is recorded separately (the record of the March 2019 announcement on board control); the umbrella OpenAI identity is the subject because the post speaks for “OpenAI”.
The evidence 02 primary source Supports the claim
OpenAI LP ↗ OpenAI · 2019-03-11
Archived copy, captured 2019-03-11: OpenAI LP ↗
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Source excerpt “create OpenAI LP as a hybrid of a for-profit and nonprofit” Location in source Introduction, paragraph beginning “We want to increase our ability to raise capital”
Machine-checked · 2026-10-04
Source details and check notes Authors Greg Brockman; Ilya Sutskever; OpenAI Version Dated publisher page inspected 2026-09-28 and again 2026-10-04 at its current address; the quotes used from 2026-10-04 also match the Internet Archive capture of 2019-03-11 (16:15 UTC) at the original address, which uses straight quotation marks and an additional standfirst. Canonical address Open the canonical source ↗ Accessed 2026-10-04 Language English (en) Archive copy Open archived copy, captured 2019-03-11: OpenAI LP ↗ . Captured on the recorded publication date. An archive copy shows only what the archive retrieved on 2019-03-11. It does not prove what the page said earlier, and it can differ from the copy checked on 2026-10-04.Attribution Greg Brockman; Ilya Sutskever; OpenAI. OpenAI LP. Reuse No redistribution licence asserted.. Selekoa practice: metadata, attributed paraphrases and short attributed quotations under the editorial policy (at most 50 words each; at most 400 quoted words per document across the dataset, and about 10% of a document under about 2,000 words). Documents are linked externally, not redistributed. Publisher terms that forbid quotation override this practice. Check notes Verbatim quote, re-checked on 2026-10-04 by the integrating session against its own direct fetch of the cited expression (mechanical match after whitespace normalisation). Also matched in the Internet Archive capture of 2019-03-11, where the sentence continues with straight quotation marks around “capped-profit”. The integrating session wrote or selected this passage from its own reading of the source; it does not repeat a passage from the week 4b research pass. Human editorial review is pending. primary source Supports the claim
OpenAI LP ↗ OpenAI · 2019-03-11
Archived copy, captured 2019-03-11: OpenAI LP ↗
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Cite the original source Cite the original document, not Selekoa. Check these details against it.
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Source excerpt “Returns for our first round of investors are capped at 100x their investment” Location in source Section “The mission comes first”, paragraph beginning “As mentioned above”
Machine-checked · 2026-10-04
Source details and check notes Authors Greg Brockman; Ilya Sutskever; OpenAI Version Dated publisher page inspected 2026-09-28 and again 2026-10-04 at its current address; the quotes used from 2026-10-04 also match the Internet Archive capture of 2019-03-11 (16:15 UTC) at the original address, which uses straight quotation marks and an additional standfirst. Canonical address Open the canonical source ↗ Accessed 2026-10-04 Language English (en) Archive copy Open archived copy, captured 2019-03-11: OpenAI LP ↗ . Captured on the recorded publication date. An archive copy shows only what the archive retrieved on 2019-03-11. It does not prove what the page said earlier, and it can differ from the copy checked on 2026-10-04.Attribution Greg Brockman; Ilya Sutskever; OpenAI. OpenAI LP. Reuse No redistribution licence asserted.. Selekoa practice: metadata, attributed paraphrases and short attributed quotations under the editorial policy (at most 50 words each; at most 400 quoted words per document across the dataset, and about 10% of a document under about 2,000 words). Documents are linked externally, not redistributed. Publisher terms that forbid quotation override this practice. Check notes Verbatim quote, re-checked on 2026-10-04 by the integrating session against its own direct fetch of the cited expression (mechanical match after whitespace normalisation). Also matched in the Internet Archive capture of 2019-03-11. The passage was first proposed and machine-verified in the week 4b research pass. Human editorial review is pending. Status and meaning Editorial status. Not reviewed by an editor . An exploratory record that no editor has accepted. This status does not say whether a person has read any linked passage. Each evidence record above shows how it was checked.
Relation. An existing organisation is documented as forming a new entity, such as a partnership, subsidiary or trust. Formation is not evidence of control or ownership, which are recorded separately.
Date. Date of the announcement (day precision), shown on the post and on the Internet Archive capture of 2019-03-11. The partnership’s own formation date is not stated in the post and is not recorded.
Record ID cs-openai-lp-announced-2019