#SamAltman has form when it comes to overhyping his products

Sam Altman's Loopt Exit: A Questionable Success | Timothy Bramlett posted on the topic | LinkedIn
Sam Altman's only successful exit was a scam. He sold Loopt, a location-sharing app that reportedly had just 500 users at the end. When Reuters reported this, Altman claimed it was 100x higher and said he'd provide evidence. He never did. The company sold to Green Dot Corporation for $43 million. Green Dot shut it down immediately and never used any of the tech. Green Dot investors alleged it was a dirty deal to enrich Sequoia Capital, a VC firm with a stake in Loopt and two board members at Green Dot who helped approve the deal. Altman left Green Dot as soon as he was legally able, walking away with millions for building an app that no longer existed in any form. His management team at Loopt tried to fire him twice for what they called "deceptive and chaotic behavior." This is his only company exit. His $2 billion net worth comes from investments, not from building companies. Is this the guy we should trust to build the future of AI? This clip is from More Perfect Union's video "What Sam Altman Doesn't Want You to Know." Search for it on YouTube. The full video is worth watching.



