Well, they did because JS owned a economics interest in SA, which led to the loss. So it was poor capital allocation, but really a systemic failure to delete leverage from the equation.
Sure, to be clear I could be wrong about OpenRouter, the cloud companies could become aggregators, but the fundamental idea of models being commdoities, and anthropic's sucess in the enterprise is a short term arbritage is correct.
Yeah look I am not really part of the hype, but a AI first hardware consumer product is much more logical product then a new AI enterpise startup which is structurally doomed.
I intend to write a piece going deeper into the failures; I would love to chat if you're open to it. Also, not to say Dropbox sucked or anything, it is just that the broader strategy and industry structure make it hard; if anything, the success of the first product made it difficult to evolve the business.
I was referring to multiples on invested capital. Plus, it's a bit hurtful when you IPO your company, the stock stays flat if not down, and you step down; I think an Apple acquisition like that is much more of a happy ending IMO.
Right, but you have to consider how early on this was, with little venture raised; multiples are way better. My point was bundling wins in the long term.
No, definitely agree. One of the great SaaS companies, strategy matters, though, and the early success distracted them from building a defensible business.
No Elon understands this deeply in my opinion. You should listen to lex freidmans latest interview with him on neuralink, you would think elon has a phd in the subject.
Yeah i mean honestly i think it could be a bubble especially if we start to see stupid things happening, also sure you can say i'm living in a sci fi fantasy, but whatever. Curios to know how your betting against the markets?
Yeah your right, that's my point smart people buy the dip, but that was with llms, I think its quite the possibility considering china is producing 2 or three times as much energy, and NVDA, are creating energy efficient gpus, china does not have to worry about that they can make it as powerful as they like.
hey I am not hating on NVDA all I am saying is something like this is bound to happen and honestly that Is great for people that want to invest at a discount price like you should.
And also, unless you get feedback in the right way, a lot of people could mislead you. Paying shows real validation that you cant argue with. Actions are a lot louder than just words.