News for hackers. Stuff that matters.

A comment on Ilya Sutskever's SSI Inc raises $1B. Parent comment

Re:Ilya Sutskever's SSI Inc raises $1B by _fat_santa on Wednesday September 04, 2024 @10:56AM (#41446535)
I heard this on a reddit thread a while back but rings very true here.

> If you are seeking capital for a startup with a product, you have to sell the startup on realities (ie how much revenue you are making). If you are seeking capital for a startup with no product, you can sell the startup on dreams, which is much much easier but also way riskier for investors.

Since these guys don't have a product yet, they 100% sold it on big dreams combined with Ilya's track record at OpenAI.

[ Parent | on HN ]
Re:Ilya Sutskever's SSI Inc raises $1B by fragmede on Wednesday September 04, 2024 @01:32PM (#41448323)
A step removed from the no revenue scene from HBO's Silicon Valley

https://youtu.be/BzAdXyPYKQo

[ Parent | on HN ]
Re:Ilya Sutskever's SSI Inc raises $1B by trashtester on Thursday September 05, 2024 @09:03AM (#41456246)
> combined with Ilya's track record at OpenAI.

I think it's Ilya's track record all the way since AlexNet, including his time at Google AND OpenAI.

He's not a one-trick-pony.

[ Parent | on HN ]