alt Hacker NewsA lot of the dot com failures didn’t spend on massive infrastructure, they just burned through cash on salaries and expensive chairs.
They were underpants gnomes who had no realistic way of making money.
Replies
bahmboo • today at 1:00 AM
This is something people miss when comparing things to dot com. It was a very thin layer on top of something new. 90% of the companies were speculative jokes with no basis in reality. Anthropic makes a profit. Google is a mature company that makes a profit and will continue to do so.
Not sure when you last were in SF but there is probably half a billion in Series A capital within 1 mile radius of me raised by very nebulous AI start ups.