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newsclues02/19/20251 replyview on HN

The folly of the capital allocators during this period was legendary.


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pwthornton02/19/2025

It's incredible how easy it was to raise money in that time frame and how hard it is to raise money now. They would throw huge sums of money at you for the dumbest ideas.

It's important to note that the AI Pin powered by ChatGPT was a bit of a pivot. If ChatGPT never came out, they wouldn't have even had that. It would have been more like having a dedicated Siri or Alexa device to do really basic stuff with. I can't imagine how much worse the product was going to be. What investor say that early pitch and work and was like, "sign me up?"

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