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Spent 2 years as the person
who read the decks first.
Built the tool I wish I had.
deallens.co
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DealLens
34 posts
DealLens
@MTC_003
AI due diligence for serious investors. Upload the pitch deck. Get the investment grade in 90 seconds.
Rotterdam, The Netherlands Katılım Aralık 2023
0 Takip Edilen50 Takipçiler
@arian_ghashghai Seriously. Like it justifies why we still have Business Administration as a university degree. Because being worth so much just based on technology and isn't how businesses are run.
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Ok I’ll happily take shit for this take again, but I struggle to understand how a company that hasn’t found a working business model can be worth $852 *billion*
Watcher.Guru@WatcherGuru
JUST IN: OpenAI raises $122,000,000,000 at $852 billion valuation.
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Today, we are emerging from stealth and launching PrismML, an AI lab with Caltech origins that is centered on building the most concentrated form of intelligence.
At PrismML, we believe that the next major leaps in AI will be driven by order-of-magnitude improvements in intelligence density, not just sheer parameter count.
Our first proof point is the 1-bit Bonsai 8B, a 1-bit weight model that fits into 1.15 GBs of memory and delivers over 10x the intelligence density of its full-precision counterparts. It is 14x smaller, 8x faster, and 5x more energy efficient on edge hardware while remaining competitive with other models in its parameter-class.
We are open-sourcing the model under Apache 2.0 license, along with Bonsai 4B and 1.7B models.
When advanced models become small, fast, and efficient enough to run locally, the design space for AI changes immediately. We believe in a future of on-device agents, real-time robotics, offline intelligence and entirely new products that were previously impossible.
We are excited to share our vision with you and keep working in the future to push the frontier of intelligence to the edge.
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Today, we closed our latest funding round with $122 billion in committed capital at an $852B post-money valuation.
The fastest way to expand AI’s benefits is to put useful intelligence in people’s hands early and let access compound globally.
This funding gives us resources to lead at scale. openai.com/index/accelera…
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@reva_jariwala We in Europe cannot compete. What's hilarious is that most of our top entrepreneurs would pay to be in this class.
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@geoffreywoo I think a lot of what people miss about VC is that the companies worth funding (the ones that can change the world) start off with statistically having less that 1 percent to succeed. For those companies to be funded, sometimes the usual metrics don't work. Maybe it's blind faith
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the entire venture capital industry is about to get disintermediated by ai agents
why do you need a partner to:
- source deals (agent scrapes all startups)
- do diligence (agent analyzes financials)
- negotiate terms (agent knows market rates)
- add value (agent connects to network)
only thing left is writing checks
but here's the thing - the best founders don't need your money anymore
they're building profitable businesses from day one using ai leverage
90% of vcs will be unemployed by 2027
the remaining 10% will be the ones who figured out how to use agents to 10x their deal flow while everyone else was playing golf
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@pmddomingos With enough impressive tech, there is license to burn money and lose cash. But that's how the Apollo and Concorde programs were ran. When one does the numbers, don't think OpenAI will ever stop net losses.
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OpenAI loses money on every token, but will make it up in volume.
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@perrymetzger I think the programmers that got into programming to create things are the ones having the time of their lives. Those that just wanted an impressive paycheck may be the ones a bit worried. But this is the best time to be a creator. In ANYTHING.
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Yes. Most of the programmers I know are having the time of their lives. They have literally never had this much fun with computers before now. There is a minority that is wringing their hands and feeling miserable. I do not understand them.
Yam Peleg@Yampeleg
I've never had so much fun with computers in my life. I literally do whatever the fk I want. Bending whatever stands in my way to my will. Tmux doesn't support mouse? Now it does. Compiled app looks cool? Reverse engineered, now it's "open source". Literally godmode.
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Having an AI run your company is a bit like having a gun in your home
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Actually now age matters less than ever
The only thing that matters is your velocity at which you can create things now
“paula”@paularambles
overheard in sf: “i’m too old for yc” (just turned 29)
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London is becoming a trap for young people hunting for their first job, as higher taxes and AI squeeze opportunities
Irina Anghel explains bloom.bg/4dTwhoW
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@hthieblot Great things are happening here in the Netherlands. It's not a performative startup environment. People speak great English. And people just want to get their head down and work. The news portrays us differently, but you can build or fund something worthwhile here.
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I’m leaving SF.
Everyone’s cosplaying as founders.
Very few are actually building.
Finito. I’ve been here for 19 years. Will miss the views and the weather.
If you were starting today, where would you go?
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I now get so many AI-generated replies that it's just too much work to report them for spam and block them, so I'm downshifting to muting.
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I have loved being on the Helion board; I continue to be extremely excited about a future with abundant energy and Helion in particular.
As Helion and OpenAI start to explore working together at significant scale, it is difficult for me to be on both boards. (I will have a financial interest in Helion so still be recused from negotiations, but from a governance perspective this will make things easier for both companies.)
David and Chris are exceptional founders and I think people will be quite impressed by the company's progress.
David Kirtley@Dkirtley
Sam Altman is stepping down from Helion’s Board of Directors. This decision enables Helion and OpenAI to explore future partnerships to bring zero-carbon, safe electricity to the world, which Helion is perfectly poised to deliver. Sam has played an integral role in Helion’s development; I am extremely grateful for his commitment to Helion since he joined our board in 2015. He has pushed me and the Helion team to dream big, build with urgency, and focus on the thing that matters most: deploying fusion for our customers as quickly as possible to fully satisfy the world’s need for clean and abundant energy. Fusion would not be where it is today if it were not for Sam’s support over the last decade. Sam, thank you for your vision, your encouragement, and your commitment to Helion. I look forward to working with you in this new capacity.
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@bradcarryvc He probably values customer input more than social media likes and investor sentiment. It's like this guy wants to fail.
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Saw a founder at an SF coffee shop
He wasn’t recording a podcast
Wasn’t writing out a thoughtful LinkedIn post
And he wasn’t applying to Forbes 30 Under 30
He was just sitting there, actually working on his company’s product
He’s never going to make it
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@StephNass Yeah. I think right now VCs look at detailed and informative decks and are just looking for a good reason to say no.
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Your pitch deck should contain enough info to get the VCs curious, but not enough that they switch to "analysis" mode.
Otherwise, they will find objections and you won't get a call.
A deck is a MARKETING MATERIAL, not a business plan.
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@reidhoffman We get to pick our problems. Problem is that genuine progress in other areas of life that has been enabled by AI rarely gets the praise it deserves.
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The beauty of AI is that we can both work to cure cancer and make sure that Guinness Price Transparency is provided to all of humanity.
Seb Johnson@SebJohnsonUK
"AI is going to cure cancer and create abundance for everyone" Meanwhile in Ireland:
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In the AI revolution, low status and useful is where the alpha is.
Markdown files look like shit and have basically zero status. But they are insanely useful. Humans can read them, models can read them, agents can write them, diff them, transform them, chain them.
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@PeterDiamandis That's because a few wish to create while the rest wish to destroy and take. Fear is warranted in a world where people create and others want to consume at all costs. Curiosity requires courage that very few possess.
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You can measure the ratio of fear to curiosity in any society. Just look at the ratio of the defense budget compared to the science budget. Humanity is still mostly fear-dominant. But we ARE changing that.
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@hthieblot Have you lived elsewhere outside of the USA? Like London, Amsterdam or Paris? What would you say is the single biggest difference betweed SF and other attractive cities around the world?
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Insane that you can show up to San Francisco as a nobody…
…and 4 weeks later:
– raise $ 3M
– recruit a team
– be on track for a generational company
All you have to prove is you might win, nothing else.
I see this constantly. Who wants to move here?
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