Rish Agarwal

Yesterday @sama just offered to invest $2M of OAI credits into any current YC company as an uncapped SAFE. If I was in YC today, here is why I would take the deal: 1. You will spend that much $ on tokens building your product quicker than you think. The best AI-leveraged engineers are spending ~$10k+ per month on tokens. Thats $1.2M/year for a 10 person engineering team. The OAI deal means you don’t have to think twice about accelerating your engineering. 2. OAI tokens are worth 2X Anthropic tokens. Our frontier models are ~50% more token efficient than Ant’s. This means our $2M in GPT tokens is worth $4M in work accomplished with Opus. 3. You can use the tokens on the API. This means you can offer agentic products to customers without worrying about price or charging while you find PMF. Any product you offer that is useful with agents will use a non-trivial amount of tokens. Worrying about those costs while finding PMF doesn’t seem worth it. 4. The dilution will be minimal if you find PMF as an AI-native product and raise a Series A. A lot of series A’s I see these days are in the $100-$200M valuation range. $2M at that valuation is 1-2% dilution, which is very worth it if it allowed you to defer raising as much in your seed in order to pay for tokens. Would be curious how folks are thinking about it! Definitely an interesting offer to consider 👀

OpenAI is offering $2M in tokens to every YC company in the spring and summer batches. We extended the summer deadline to May 25 so more founders can get in on it. ycombinator.com/apply

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