Initial investments poured in to the LP, including more than $60 millionrolled over from OpenAI’s nonprofit, $10 million from YC, and $50 millioneach from Khosla Ventures and Hoffman’s charitable foundation. Hoffmanwas initially reluctant to invest more in OpenAI when it had no product ormarket plan, he later recounted. But he ultimately agreed to colead theround after Altman told him it would help legitimize the seriousness ofOpenAI’s intention to develop a profitable business.
This has all the hallmarks of a Ponzi scheme.

Screen capture from the movie