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Comment by emestifs

10 months ago

https://medium.com/@alt.cap/time-to-get-fit-an-open-letter-f... /s. Or no /s? idk anymore. You decide.

VC money hose is drying up I suppose

5 comments

emestifs

Reply
dstroot  10 months ago

“VC Money Hose” has been redirected to anything with AI in the name. “Vercel, powered by AI” would receive plenty of funding. ;)

  • emestifs  10 months ago

    Basically. So many startups pivoted so hard to try and get some AI exposure it's absurd. An insurance startup is now an AI insurance startup, finance startup is now an AI finance startup, accounting startup is now an AI accounting startup, blockchain startups are now AI-blockchain startups.

    This to shall pass.

refulgentis  10 months ago

Idk what you mean by the link, or the <s>, or what you don't know anymore, or what we can decide in this matter, or really what the matter at hand is, at all.

Focusing on the article:

Is there something I missed? Or did I get it right after reading 2x, and it really is just a random blog from 2 years ago advocating for bigcos to reduce headcount? If so, is that related in any way to Vercel cutting their sponsorship program for hosting for open source projects?

  • emestifs  10 months ago

    Basically you can read that above article as: Hey Mark, we've got a bunch of our money riding on your stock going up, so make your stock go up. I know in the past (2010-2022) we wanted you to grow like crazy and throw money around and grow some more, but like now with interest rates not 0 anymore and stuff, we need you to like start making money and you know, make the stock go up and up. K, thanks, bye.

    I found it funny because these are the same VC who spent a decade throwing money at anything with first Cloud, then ML/Deep Learning, then Blockchain, then threw money like no tomorrow during Covid, and now are like, yeah, we want you to not do any of that stuff anymore, just like actually make money now.

    The '/s' is an indicator of sarcasm in text, you'll see it in online comments from time to time. Hard to convey sarcasm online otherwise.

    And yes, as the other guy said, oh you're an AI company!? Here's a few million. We'll see how long that hype lasts for these "AI" startups.