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I don't assume that at all. Investors absolutely know, but investment is predicated on returns. You can't do that if you can't give a timeline for when value wi
by madrox 1y ago
I don't assume that at all. Investors absolutely know, but investment is predicated on returns. You can't do that if you can't give a timeline for when value will be generated unless your investment is so small it's practically a donation. Obviously you can invest in moonshots, but you don't want to bet your whole portfolio. Why do you think OpenAI had the governing structure it did before it made its breakthroughs but suddenly both them and Anthropic can do insane raises?