PALO ALTO: Technology executives, prominent venture capitalists and founders including OpenAI CEO Sam Altman raced this weekend to keep alive companies caught up in the collapse of
By late Saturday, more than 3,500 CEOs and founders representing about 220,000 workers had signed a petition started by Y Combinator appealing directly to US Treasury Secretary Janet Yellen and others to backstop depositors, many of them small businesses who are at risk of failing to pay staff in the next 30 days.
Its partner Clay Dumas said Lowercarbon would provide payroll support for the next two weeks and was wiring funds out Monday. "People's livelihoods depend on us," said Gurson, whose San Francisco-based company helps radiologists work more efficiently and includes staff with wide-ranging roles and wherewithal."They’ve got mortgages to pay; they’ve got bills."
But Gurson saw a Twitter post from Altman, whom he met as a founder participating in 2014 in Y Combinator, where Altman was president. The two men did not know each other very well, he said.Gurson estimated"conservatively" that Altman has given more than US$1 million to support other start-ups in similar need.
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