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My prediction is that this will be like the .com boom. 99% of AI startups will fail. A handful will succeed. Google Series A was $25M at a $75M valuation (sour
by blagie 3y ago
My prediction is that this will be like the .com boom. 99% of AI startups will fail. A handful will succeed.
Google Series A was $25M at a $75M valuation (source: random web site. Doesn't need to be correct for the point). 1/3 of Google is worth $500B today. Add in dilution, and it big-O perhaps a 1000x ROI.
For every Google or Amazon, there's probably nearly a hundred pets.com.
I suspect AI might be similar. It's hard to predict which is going to be which. A portfolio doesn't seem crazy to me.