32 karma · joined May 10, 2024
Google just inked its biggest deal ever, Nvidia reportedly bought Gretel, and Meta is chasing an AI chip startup — and that was just in the last week. The flurry of dealmaking could continue.
Since 2022; revenue is up 385%, headcount is only up 60%.
In fiscal year 2024, the Commission reported getting nearly 25,000 TCRs, some 14,000 of those were from just two people!
Largest reward ever was $279 million.
“In 2022, when “Crypto / Web 3” was the hottest thing to work on, 33 YC startups were working in the space — in both of the most recent batches there was only 1.”
So that’s still only like 5% working on crypto stuff even during the mania I guess?
If that article is correct, it is insane that the established Western companies are going to take 3 YEARS(!) to even UNVEIL their new low-cost EV efforts.
1) signal value: AI-anything is getting funded atm and founders are smart. 2) founder-level trend: founders are actually just working on AI much more naturally. 3) YC selection trend: YC deliberately pivoting towards AI in its selection process.