Klarna CEO and Sutter Hill wins lap after Jony Ive’s Openai deal

After Sam Altman and Jony Ive announced Wednesday that Openai was buying IO, the IVE company, in all-stock deals worth $6.5 billion, Klarna CEO Sebastian Siemiatkowski Amazing message about X.

Purchased by Flat Capital, the family investment office at Siemiatkowski IO stocks 6 months agohe said. As this is a total storage agreement, these IO shares will be converted into shares of Openai’s for-profit stock.

“Excited @flatcapital I’m an IO investor and now I’ve received more shares at Openai with a huge return for an investment I made six months ago,” tweeted Siemiatkowski.

His investment company has generated so much interest. Official statement issued IO confirmed that it is a mysterious company and has no name. When it was announced Four investments in the “miniportfolio” of American AI companies. Flat Capital has revealed that it will spend 34 million sex on IO and convert it to around $3.6 million.

Then came the astonishing tweet from former Googler and designer Luk Urobrewski. He currently works as managing director for Sutter Hill Ventures, a Silicon Valley VC Powerhouse Company.

In a subsequent deleted tweet and a LinkedIn post, Wroblewski wrote:

According to Some people have seen it An additional tweet about Sutter’s investments, the company may have been the second largest investor in IO. However, TechCrunch couldn’t confirm it. Sutter did not respond to a request for comment, so Wroblewski deleted his post after we reached out.

The biggest investor in IO was Openai itself, acquiring a 23% stake. Sources told Bloombergadded that the shares were valued at around $1.5 billion. This means Openai paid about $5 billion in shares for the remaining shares. According to Bloomberg, other IO advocates included Laurene Powell Jobs’ companies Emerson Collective, Thrive Capital, Maverick Ventures, SV Angel and Openai Fund. As previously reported, the fund is not supported With the money of AI model makers But by external investors. Despite the deleted tweet, Bloomberg confirmed that Sutter Hill Ventures is an investor.