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Are you sure? If given $230 millions what would you do and which AI product would you build, to generate $115 millions?
by signatoremo 2y ago
Are you sure? If given $230 millions what would you do and which AI product would you build, to generate $115 millions?
- sonofhans 2y agoYou’re kidding, right? In no way did Humane generate $115 million; they lost over $100 million. The list of ways not to do that is infinite. Start with: an AI which emits a binary yes/no to, “Should I invest some of this $230 million such that it becomes $115 million 5 years from now.”
- signatoremo 2y agoI mistakenly thought they generated a totally of $116 million in revenue. I meant to ask "If you were to get $230 million, how would you plan to generate as much money as Humane was able to generate during the length of its existence". Do you have an answer? > an AI which emits a binary yes/no to, “Should I invest some of this $230 million such that it becomes $115 million 5 years from now.” If you were pitching that to me, I'd ask: what is the AI's confidence in its answer, and how can you verify that?
- vel0city 2y ago> how would you plan to generate as much money as Humane was able to generate during the length of its existence". Do you have an answer? Humane generated negative $114M. They turned $230M into $116M. My prospectus is to buy a $1M house, throw $1M parties every day for a month, and burn the house down at the end and sell the charred remains for $1. I'll take a million dollar salary for these services. Then I'll shut it all down and return the leftovers to the investors. So total expenses for this endeavor: $1M + 31 * $1M + $1M in salaries so $33M. That's $81M better than Humane did, and I'll do it in less time!
- skuhn 2y agoI would immediately shut down and return $114 million to the investors. I'm keeping that extra $1 million as a tip for prompt service.
- signatoremo 2y agoIs that your pitch? Do you think anyone would give you the money?
- saagarjha 2y agoNo the pitch is guaranteed returns
- MBCook 2y agoA variation on the Michael Dell plan. Smart.
- wilg 2y agoYou meant to write "generate $-115 million" I think. I'd start by putting all the money under a mattress which is already doing way better than Humane. Then I'd try to think of something fun to make.
- signatoremo 2y agoThe trick is you'd have to tell the VC how you'd spend their money before you get the money.
- wilg 2y agoI don't think I should have to if they previously invested in Humane
- signatoremo 2y agoTheir investors are well known. May be you can give it a try? Easy money. > Humane raised $240 million in funding from high-profile investors, including Marc Benioff, the chief executive of Salesforce, and his counterpart at OpenAI, Sam Altman https://www.nytimes.com/2025/02/18/technology/hp-humane-ai-pin.html#:~:text=Humane%20raised%20%24240%20million%20in,before%20it%20released%20a%20product. https://www.nytimes.com/2025/02/18/technology/hp-humane-ai-p...
- latexr 2y agoI think you’re taking the joke too seriously. The user you’re replying to clearly doesn’t think their idea would raise money, they’re taking a dig at how obviously bad of an investment Humane was.
- ndiddy 2y agoI like the idea of Sam Altman investing in a physical OpenAI wrapper. That's one way to try to increase revenue.
- latexr 2y ago> and which AI product would you build Why would it need to be AI? VC investors care about making money, not how.
- rsynnott 2y agoAh, I mean that is the theory, but the practice, today, is that you have to say the magic word to get money. This is actually fairly normal VC behaviour; the market as a whole has always been rather fad-driven.
- coffeebeqn 2y agoYou don’t need to generate $115M - just lose $115M and there you go