Hacker News Reader

Comment by alangibson | Hacker News Reader

It's really hard to imagine they have assets worth remotely close to $1B. They don't even have a brand to sell after their terrible launch.

The value of this company is cash in the bank minus debts. So probably negative.

View on HN

what about possible tax benefits? what about using questionable accounting, getting the money then stalling in court with expensive lawyers? with AI, all things are becoming possible it seems

Good point. Could be a good private equity target. Buy it, load it up with debt, pay yourself out, then declare bankruptcy.

The valuation and money raised by Humane are actually very similar to Essential Products. (Though I'd guess Humane has burned more of their cash than Essential ever did.)

I'd contend that the Essential Phone was a far better product than the AI Pin, and Essential ended up shutting down and selling the remaining scraps to Nothing for (presumably) pennies.

Coffezilla made a video on this company and their CEO. It makes total sense in that context. (That they're trying to make a quick exit before further things come to light)

https://youtu.be/NPOHf20slZg?si=bYBswCjCGY0lFsUK

That's a different company (Rabbit Inc), not Humane Inc

Yes, it seems delusional for an OpenAI wrapper with a dedicated device.

Freaking Instagram sold for $1B in the before times.

If they get even remotely close to $1B, I'm going to rage quit my job and go shopping for black turtleneck shirts. Because that's basically all you need these days.

They might get $1B on paper, but I’d be shocked if anyone is cashing out anywhere near that valuation.

But the LLM they asked cited a $1B valuation.

Reply on news.ycombinator.com