Comment by signatoremo
4 months ago
Are you sure? If given $230 millions what would you do and which AI product would you build, to generate $115 millions?
4 months ago
Are you sure? If given $230 millions what would you do and which AI product would you build, to generate $115 millions?
I would immediately shut down and return $114 million to the investors. I'm keeping that extra $1 million as a tip for prompt service.
Is that your pitch? Do you think anyone would give you the money?
No the pitch is guaranteed returns
A variation on the Michael Dell plan. Smart.
You’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.”
I 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?
> 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!
You 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.
The trick is you'd have to tell the VC how you'd spend their money before you get the money.
I don't think I should have to if they previously invested in Humane
3 replies →
> and which AI product would you build
Why would it need to be AI? VC investors care about making money, not how.
Ah, 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.
You don’t need to generate $115M - just lose $115M and there you go