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Startups used to be started on a few thousand, few hundred thousand of 'friends and family' seed capital. Maybe an angel here or there. That's a startup. Not
by ulfw 2y ago
Startups used to be started on a few thousand, few hundred thousand of 'friends and family' seed capital. Maybe an angel here or there.
That's a startup.
Not folks getting a BILLION dollars having no product and just ten people. Sorry but this is just so overhyped and sad. This is not the valley I came to live in back in the 90s and 2000s
- trashtester 2y agoIlya has a track record like nobody else in the business. He was part of most breakthroughs from Alexnet to GPT-4. He's also rumored to be extraordinarily brilliant. In a world where 100s of billions are dumped into this type of technology, a single billion to him is not unreasonable for anyone hedging their bets.