Hacker News new | past | comments | ask | show | jobs | submit
> Second, to our investors, especially Casey Aylward from Accel, who led our Seed and Series A, and Jennifer Li from Andreessen Horowitz, who led our Series B

They are buying out investors, it's like musical chairs.

The liquidity is going to be better on OpenAI, so it pleases everyone (less pressure from investors, more liquidity for investors).

The acquisition is just a collateral effect.

Are you implying that the revenue multiple on this acquisition is lower than openAIs and that they'd be making money by acquiring and folding into their valuation multiple? I think that's not the case and I would wager non existent.

This was an acquihire (the author of ripgrep, rg, which codex uses nearly exclusively for file operations, is part of the team at Astral).

So, 99% acquihire , 1% other financial trickery. I don't even know if Astral has any revenue or sells anything, candidly.

They raised 4M USD, they have 26 full-time employees (they pay 120<->200K / yr, cf https://pitchbook.com/profiles/company/523411-93 ).

It means the company almost reached their runway, so all these employees would have to find a job.

It's a very very good product, but it is open-source and Apache / MIT, so difficult to defend from anyone just clicking on fork. Especially a large company like OpenAI who has massive distribution.

Now that they hired the employees, they have no more guarantees than if they made a direct offer to them.

loading story #47440472
loading story #47440375
loading story #47440528
I can see why the former investors and Astral founders would like that, what I don't see is what OpenAI get out of the deal.
loading story #47446498