alt Hacker NewsIf any VCs who "invested" some of the $230 million into the dumbest product ever from obvious morons would like to instead invest with me, I'm pretty confident I can do better than a 0.5x return!
Replies
signatoremo • last Wednesday at 1:26 AM
Are you sure? If given $230 millions what would you do and which AI product would you build, to generate $115 millions?
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rsynnott • last Wednesday at 1:26 PM
Bear in mind that some of these VCs likely preferentially invest only in dumb AI things, so won't be interested in your thing if it is too sensible.
It's not a 0.5x. It's much lower -- $230 million was the amount raised, not the valuation. It's closer to 0.1-0.2x.