Letters of Intent

Hosts Pankaj Raval and Sahil Chaudry examine Elon Musk's lawsuit against OpenAI, unpacking how its transition from nonprofit to "capped profit" model led to legal challenges. They analyze the core issues: breach of contract claims, fiduciary duties, and Microsoft's $10 billion investment raising antitrust concerns. As experienced attorneys who provide startup legal services, they explain why founders should carefully consider entity formation decisions and how proper business structure alignment can prevent future litigation. The case offers valuable lessons for entrepreneurs weighing nonprofit versus for-profit options.