OpenAI CEO Sam Altman’s venture firm, Hydrazine Capital, received a check from the University of Michigan’s $17.9 billion endowment for its fourth fund. This is the second investment the university has made in Altman’s venture capital firm. The exact size and focus of the fund are unclear. Altman has been fundraising outside of his role at OpenAI, but the company maintains that he is fully focused on his position as CEO. The University of Michigan has made significant venture capital fund investments in the past, including in funds managed by Sequoia Capital, Andreessen Horowitz, and Y Combinator.
https://fortune.com/2023/12/19/sam-altman-university-michigan-venture-fund/