Tag: Finance
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What does it take to raise money right now? Here’s what I’m seeing in the market for pre-seed, seed, and Series A: Pre-Seed: $100k ARR or less Pre-seed deals usually have a trickle of revenue, but not much more. I did a pre-seed deal recently at $75k ARR — on…
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Just about every day, a startup raises hundreds of millions to build an LLM. But the real winner in the LLM race won’t be a startup. LLM’s Are Becoming Commoditized Every morning, I launch a browser set to open to 3 tabs: GPT-4, Bard, and a model from a startup…
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“I love this team and your product is amazing! I just couldn’t get my partners there. We’ll be cheering from the sidelines!” How many times have you heard that? Well, you won’t hear it from me. “They Never Give a Reason” I recently spoke with Mike*, the founder of a…
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Travis Kalanick’s first company got him sued for $250 billion. Time to quit the startup game, right? Wrong. Third Time’s a Charm Travis is known as the brilliant founder of Uber and CloudKitchens. But his first company, a file sharing service called Scour, was a disaster. Angry about music being…
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“Can you tell me your current revenue and burn?” “We’re at $4,000 MRR and we’re profitable.” “Uhh, excuse me?” The founder probably saw my jaw drop on Zoom. I’d never seen such an early stage company make a profit. A Clever Move How did they do it? By building their…
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Elon Musk’s new Optimus robot can fold t-shirts. How long until it’s making them? Musk released a video of Tesla’s new Optimus robot folding a t-shirt yesterday on X: The short video shows the robot slowly but surely turning a t-shirt into a neat little package. Robots usually struggle with…
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Ken Griffin’s Citadel is one of the biggest hedge funds on earth. But last year, its performance lagged well behind the S&P 500. From CNBC: Billionaire investor Ken Griffin’s various hedge fund strategies at Citadel all posted double-digit returns for 2023, but they failed to beat the S&P 500. Citadel’s multistrategy…
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A Stanford team has developed a robot that can perform almost any manual task, from cooking to straightening up the house. All it needs is a human to show it how. The Greatest Demo I’ve Ever Seen The demo, released yesterday on Twitter, is one of the most incredible things…
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+ AI, Artificial Intelligence, Finance, Investing, Robotics, Robots, Stanford, Startups, Tech, Venture Capital+
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Scott Shleifer, Tiger Global Management’s head of private investments, is out. Founder Chase Coleman will now oversee the struggling unit, according to Bloomberg: Months before Scott Shleifer stepped down as head of Tiger Global Management’s private investments, Chase Coleman had already begun to reclaim control of the firm’s $34 billion…
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“A whole new world is opening up to you.” That was what my grandmother told me when I learned how to read. This year, I explored worlds including Weimar Germany, Sand Hill Road, and small town Japan. Here are my favorite books of the year, along with summaries of the…
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Tremendous 