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Most of the VCs have already spent their money in the last couple of years. So he may have a blank check but not nearly enough to build an OpenAI competitor.
by threeseed 2y ago
Most of the VCs have already spent their money in the last couple of years.
So he may have a blank check but not nearly enough to build an OpenAI competitor.
Would love to see him at IBM with full use of their quantum systems.
- throwup238 2y ago> Would love to see him at IBM with full use of their quantum systems. I’m picturing a Wild Wild West-style mad scientist, creating a steampunk army from old spare parts from Big Blue and rising up to challenge the cyber people.
- mbesto 2y ago> Most of the VCs have already spent their money in the last couple of years. Lol no. There is about ~$500B in VC dollars, not to mention $1.2T in buyout dry powder still floating around. Not to mention venture funds raised continue to grow YoY. https://www.bain.com/globalassets/noindex/2024/bain_report_global-private-equity-report-2024.pdf https://www.bain.com/globalassets/noindex/2024/bain_report_g...
- threeseed 2y agoI was referring more specifically to the AI segment. Many of the VCS are over-exposed and still need to have funds to cover follow-on investments in the space. Not buying that there is the widespread appetite to fund a multi-billion new startup like there was a year or two ago.
- thomashop 2y agoSome sources are needed to back those claims up. Which VCs are you talking about?