AI startup

“70% of the last YC class was ready, all AI startups.”

“If you're a hot AI startup that's able to tap into the zeitgeist, that's doing something that's perceived as cutting edge or relevant. There's a strong why now and you're early, you know, you're early stage. You're able to raise money for that. The spigot is t…”

“A two or three person company can now do the work of 20 to 30 people.”

“You're going to invest in a company at a five hundred million dollar valuation and six weeks later, it's going to be worth zero because someone open source the exact same thing that you can now do for a hundred K.”

“We have a huge anti-portfolio for AI. It's painful. We've said no to over 60 companies, right?”

“When you put in a hundred million dollars into a startup to buy compute, You are not buying whiz bang next generation IP. You are subsidizing capex.”

“It's going to be a complicated couple of quarters at a minimum, and probably a complicated year to sort out who's actually real.”

“And so it's going to be unbelievable how many businesses become viable with just three, four or five employees.”

“When the AI company wakes up and rolls out of bed and some VC gives them two hundred million dollars, maybe that's not the right answer for a series A or a seed. And maybe the right answer is two million so that they do these deep seek like innovations.”