Before Sam Altman became the face of ChatGPT and one of the most closely watched names in artificial intelligence, he was a 19-year-old Stanford student trying to build a social networking company. Altman left Stanford University to co-found Loopt, a location-based social networking app. Thought the startup never became a major hit, but it eventually delivered a multimillion-dollar exit.
In March 2012, Green Dot Corporation agreed to acquire Loopt for about $43.3 million, offering insight as to why why a startup does not necessarily need millions of users to become valuable.
