Re:Ilya Sutskever's SSI Inc raises $1B
by hiddencost on Wednesday September 04, 2024 @10:47AM
(#41446443)
These are capital intensive businesses.
There's no liquidity until they are making money.
It means that AI startups are actually a really poor value proposition compared to traditional tech companies, because your multiplier is limited. First round $50M valuation leaves a lot more opportunity to get rich.
This kind of structure isn't as unusual for capital intensive businesses.
There's no liquidity until they are making money.
It means that AI startups are actually a really poor value proposition compared to traditional tech companies, because your multiplier is limited. First round $50M valuation leaves a lot more opportunity to get rich.
This kind of structure isn't as unusual for capital intensive businesses.