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I seems like not ending well is the vast majority of outcomes. They dont have a profitable product or business today. It seems that me most likely outcome is t
by s1artibartfast 2y ago
I seems like not ending well is the vast majority of outcomes. They dont have a profitable product or business today.
It seems that me most likely outcome is that they have one replaceable product against many and few options to get return commensurate with valuation.
My guess is that investors are are making a calculated bet. 90% chance the company become irrelevant, 10% chance it has a major breakthrough and somehow throws up a moat to prevent everyone else from doing the same.
That said, I have no clue what confidential information they are showing to investors. For all we know, they are being shown super human intelligence behind closed doors.
- zeusk 2y ago> That said, I have no clue what confidential information they are showing to investors. For all we know, they are being shown super human intelligence behind closed doors. If that were the case, I wonder why Apple passed on this investment.
- s1artibartfast 2y ago[flagged]
- paxys 2y agoIf that was the case then the valuation would have a couple extra 0s at the end of it. Right now this "super human intelligence" is still figuring out how to count the number of Rs in strawberry, and failing.
- simplyluke 2y ago> being shown super human intelligence behind closed doors This seems to be the "crypto is about to replace fiat for buying day to day goods/services" statement of this hype cycle. I've been hearing it at least since gpt-2 that the secret next iteration will change everything. That was actually probably most true with 2 given how much of a step function improvement 3 + chatGPT were.