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VCs aren't going to give $40m to a startup for a 1% stake
by SJC_Hacker 1y ago
VCs aren't going to give $40m to a startup for a 1% stake
- torginus 1y agoMy numbers might not be accurate but the point stands, there's 'salary' kind of money, and 'startup valuation' money. Hiring away key researchers costs tens to hundreds of millions of dollars (an eye-watering never before seen amount of money before AI), but buying the startup costs billions. Then again, I'm merely a pundit when it comes to this, there's money (the cash Apple has locked in its vaults), and 'money' (Google executes a merger with a stock swap arrangement, essentially costing them nothing, and the stock jumps 5% at the announcement, even making them money)