We don't invest in ideas, we invest in founders. That's why OpenAI partnered with Y Combinator to bring you investments at the pre-founder stage.
We'll invest in your baby even before it's born! Simply accept our $10,000 now, and we'll own 30% of what your child makes in its lifetime. The womb is a hostile environment where the fetus needs to fight for survival, and a baby that actually manages to be born has the kind of can-do attitude and fierce determination and grit we're looking for in a founder.
Feels like the next logical move to me: they need to build and grow the demand for their product and API.
What better than companies whose central purpose is putting their API to use creatively? Rather than just waiting and hoping every F500 can implement AI improvements that aren't cut during budget crunches.
There’s a difference between having product ideas rooted in compelling hypotheses on the one hand, and random ideas you throw against a wall and see what sticks.
I suspect, but could be wrong, that in OpenAI’s case it is because they believed they will reach AGI imminently and then “all problems are solved”, in other words the ultimate product. However, since that isn’t going to happen, they now have to think of more concrete products that are hard to copy and that people are willing to pay for.
"Pre-idea stage" support is wild to me
We don't invest in ideas, we invest in founders. That's why OpenAI partnered with Y Combinator to bring you investments at the pre-founder stage.
We'll invest in your baby even before it's born! Simply accept our $10,000 now, and we'll own 30% of what your child makes in its lifetime. The womb is a hostile environment where the fetus needs to fight for survival, and a baby that actually manages to be born has the kind of can-do attitude and fierce determination and grit we're looking for in a founder.
Feels like the next logical move to me: they need to build and grow the demand for their product and API.
What better than companies whose central purpose is putting their API to use creatively? Rather than just waiting and hoping every F500 can implement AI improvements that aren't cut during budget crunches.
This feels like a program to see what sticks.
Isn't that how we got (and eventually lost) most Google products?
There’s a difference between having product ideas rooted in compelling hypotheses on the one hand, and random ideas you throw against a wall and see what sticks.
I suspect, but could be wrong, that in OpenAI’s case it is because they believed they will reach AGI imminently and then “all problems are solved”, in other words the ultimate product. However, since that isn’t going to happen, they now have to think of more concrete products that are hard to copy and that people are willing to pay for.