alt Hacker NewsClosed weights AND benchmaxxed. Somehow this company raised 2bil at a 48bil valuation. Pure insanity. I feel bad for their investors (not really, but... Still). Andreessen Horowitz is being played like a fiddle.
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thereitgoes456 • yesterday at 4:52 PM
The Cursor acquisition shows that it’s possible for these valuations to be justified. But Cursor was more successful and bent the truth much less.
While I wouldn’t expect anything good for Cognition’s fate, it’s a much safer bet than Thinking Machines, SSI, and some others.
Though they’ll be in big trouble if the more talented Chinese labs stop letting them repackage their work.
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> Andreessen Horowitz is being played like a fiddle.
Andreessen Horowitz is not being played like a fiddle here. This might be their only investment in a decade that isn’t entirely predicated on being a scam.