2 ms·
I don't think he gets the point of a hype cycle. The point is to overinflate the value of a business, to suck up the dollars by the idiotic investors rushing to
by 0xbadcafebee 3y ago
I don't think he gets the point of a hype cycle. The point is to overinflate the value of a business, to suck up the dollars by the idiotic investors rushing to be part of the next Google, take all the cash you can as quickly as you can, and either exit, or shut down the business, after having pocketed millions/billions. The more and faster you grow, the more you can pocket. Whether this is sustainable or not is beside the point. Actually, if it seems sustainable, that's kind of bad for business. You'll get more money from the inept VCs if you tell them you'll have insane, impossible growth.
Yes, AI startups are doomed. So what? Founders can make millions with a doomed startup.