78 karma · joined January 16, 2020
I was saying this for years about Tesla’s FSD - they finally had to give in and drop the price to stay competitive.
That project led me to conscript AI as a private tutor. With custom instructions, ChatGPT and Gemini now surface new words and nudge my prose toward clarity, turning a vague fear of erosion into conviction. A dedicated subset of users will inevitably harness such tools to strengthen their expressive range and communicative precision.
Until recently, my writing rarely left emails and journals. Now, with AI as scaffold and sparring partner, I draft short stories from my own life and recast them in the voices of authors I admire. This feels less like a technology poised to supplant teachers, and more like the substrate for a renaissance in autodidactic education.
In these cases, companies raise funds at the same valuation as their previous round, often labeled as Series A+ or Series C+ or Series B Extension.
Another, less common strategy involves using a SAFE (Simple Agreement for Future Equity), which will convert to equity during the next priced round.