From sentence one of the post, it clearly states that they are VC funders who are doing this for a round of startups they just funded, and they're looking for others to be a part of it.

Oh no, definitely not. We just got a loan.

Neither Alex and I are currently VCs, and this has no affiliation with any venture fund.

We want to be a customer of the sf compute group too!

I’m curious, how are those loans guaranteed?

How’d you get this loan? Is it from a benevolent individual who just wants to make something happen?

If not and you got the loan from a bank, super curious how you were able to get the bank to trust that renting out the GPUs would cover the loan or if some other reasoning convinced them. Assuming you aren’t trying to turn this into a big business, that knowledge might help a lot of other players run similar programs and further democratize SOA GPU access.

I’m fairly certain this loan is either a private individual or a HELOC or something. No way is a bank just going to loan out a bunch of money to some startup like this.

ask no questions hear no lies

EDIT: They seem to be in a raising fund / debt stage. Great initiative

Their announcement says "We can probably get a good deal from a bank [...]", so maybe they don't just have 20M USD sitting around.

Well, this pushes me even further in the direction that they are actually good guys that need support, and that they are trying to bring a good deal on the table :)

unrelated to this specific initiative, but - I keep seeing a lot of announcements of huge VC rounds around what's effectively datacenters for GPUs. Curious about the math behind that - I feel like those things get obsolete so fast, it's almost like the whole scooter rental thing, where the unit economics doesn't add up.

Anyone have an insight?