Comment by daveguy
10 hours ago
LeCun's net worth is estimated between 5-10 million.
Just for payroll of 10 AI researchers at 300k/yr would cost over $3 million per year. And his wealth probably isn't fully liquid. Given payroll + compute he would be bankrupt in a year. Of course he's not using just his own money.
However, I expect he will be a major investor. Most founders prefer to maintain some control.
He's been leading a large, important organization at Meta for 13 years. The stock has 10x'd in that time. He's almost certainly worth way more than that. Those random google sites that talk about net worth have no real idea what they're guessing at and are more akin to clickbait
Ok, great. So he'll only lose 10% of his net worth per year if it fails. Better for some VC to lose 1% of their net worth per year.
The point is, VC money for an AI venture is not chump change even for someone with a $10-$100MM net worth. The point still stands, including his own expected investment.