Re:Google Invests Almost $400M in ChatGPT Rival Anthropic
by hooo on Sunday February 05, 2023 @08:49AM
(#34664864)
Lol, think from the founder / teams perspectives. Giving 80% ownership would be insane. How could you build a company like that? It’s not so simple.
Re:Google Invests Almost $400M in ChatGPT Rival Anthropic
by ignoramous on Sunday February 05, 2023 @09:13AM
(#34665026)
Those are called Spin-Ins. Now abandoned, Cisco once pioneered this model: https://news.ycombinator.com/item?id=8348900
The closest Google had to it was Area 120, which has also been abandoned?
Re:Google Invests Almost $400M in ChatGPT Rival Anthropic
by onlyrealcuzzo on Sunday February 05, 2023 @10:01AM
(#34665400)
Isn't this what incubators do now?
Re:Google Invests Almost $400M in ChatGPT Rival Anthropic
by fakedang on Sunday February 05, 2023 @03:01PM
(#34668617)
The value add by most incubators and accelerators is minimal, compared to what a large parent company can provide though.
Re:Google Invests Almost $400M in ChatGPT Rival Anthropic
by unicornmama on Sunday February 05, 2023 @09:08AM
(#34664995)
The sort of people who would accept those terms are not the sort of people you want to build a startup.
Re:Google Invests Almost $400M in ChatGPT Rival Anthropic
by neilv on Sunday February 05, 2023 @09:22AM
(#34665095)
I might take that 80% deal, for the right killer IP that I knew how to apply in a marketable way, and a couple years of sufficient GCP credits.
I might bootstrap revenue without much hiring, so that business success means the team does better financially than the sure-thing FIRE if they'd just taken a FAANG job and grinded promotions.
This business giving away 80% equity would lean on the value of IP, and on knowing how to be very effective with solo/small teams -- not 'scale' in the sense of trying to herd hundreds of software and product and business people. (This is another thing that big orgs can have trouble doing, and so sometimes do insulated spinoffs/units instead, just to unburden people.)
Re:Google Invests Almost $400M in ChatGPT Rival Anthropic
by crakhamster01 on Sunday February 05, 2023 @02:39PM
(#34668297)
I think they basically employ that model already at Area 120 [0]. This interview platform called Byteboard was spun out of Area 120 a couple of years ago, and I imagine Google has a large ownership stake in it, while avoiding the brand association [1].
[0] https://area120.google.com/
[1] https://techcrunch.com/2021/10/05/technical-interview-platfo...
It would be a 'you can use all google internal code and infrastructure, for free, as long as you don't use google branding and don't use our user data' deal.
The companies would have the benefits of google tech, without being tied down by internal politics, procedures, risk management, etc.
They could afford to do things like just release a product to the world rather than have a legal and PR team go over every detail for every law in every country worldwide as part of a 6 month long review process.