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That strategy only works if the anchor is in the realm of reality. If I'm selling a 20 year old Toyota Corolla and initially ask for $900,000 that's not going t
by rurp 2y ago
That strategy only works if the anchor is in the realm of reality. If I'm selling a 20 year old Toyota Corolla and initially ask for $900,000 that's not going to help me get a higher price.
- a13n 2y agothere are millions of corollas there’s only one openai
- jsheard 2y agoIt's become a running theme that there are in fact a lot of OpenAIs, with how frequently their models get matched or leapfrogged by competitors.
- bravetraveler 2y agoNot really that many fabs either. They do this on that scale, they only need the AI to fill demand lol
- yreg 2y agoAnchoring bias probably works with numbers outside of the realm of reality as well. But I doubt it's very useful in these cases (or even any stronger than asking for say 300B), otherwise everyone would always start a funding round by asking for a 7T investment, right.
- Terr_ 2y agoIt's also probably less-effective when the other side has their own teams of accountants making projections.
- malthaus 2y agoin a negotiation where you have experts with good intuition for costs and practicalities on one side of the table and a non-technical failing-upwards-megalomaniac-kid on the other side, i doubt that's a sensible strategy