Totally blind on this, hoping for someone to shed some light: do these investors get some pitch, information or some roadmap of what company intends to create, how will it earn revenue, how will it spend money or how will it operate?
> If you are seeking capital for a startup with a product, you have to sell the startup on realities (ie how much revenue you are making). If you are seeking capital for a startup with no product, you can sell the startup on dreams, which is much much easier but also way riskier for investors.
Since these guys don't have a product yet, they 100% sold it on big dreams combined with Ilya's track record at OpenAI.
I think it's Ilya's track record all the way since AlexNet, including his time at Google AND OpenAI.
He's not a one-trick-pony.