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> Uh, that's how venture capital works? Uber burnt cash like nobody's business, took SoftBank money, and is now a $175B public profitable company. The macroeco
by minimaxir 2y ago
> Uh, that's how venture capital works? Uber burnt cash like nobody's business, took SoftBank money, and is now a $175B public profitable company.
The macroeconomics of venture capital are a bit different now than in the 2010's. OpenAI may be the one case too finanically extreme for conventional VC logic.
- a13n 2y ago> The macroeconomics of venture capital are a bit different now than in the 2010's. If you are growing revenue to $B in <5 years, and creating the fastest growing consumer app in world history, then 2010's VC rules still very much apply today.