Re:Ilya Sutskever's SSI Inc raises $1B
by huevosabio on Wednesday September 04, 2024 @07:20PM
(#41451869)
They probably already went to investors with letters of sale from GPU/datacenter providers.
And 80% of those $1B will go from Founder Mode VC to Nvidia and Datacenter Management Co in the span of 6 months.
Re:Ilya Sutskever's SSI Inc raises $1B
by TezNoble1988 on Wednesday September 04, 2024 @07:29PM
(#41451920)
Sometimes, these very large rounds are delivered in tranches based on milestones. It's possible that SSI didn't receive the entire $1BN at the close of the fundraise but rather can "call capital," much like a VC fund does, as it needs it based on scaling.
Re:Ilya Sutskever's SSI Inc raises $1B
by qeternity on Wednesday September 04, 2024 @07:34PM
(#41451948)
> Sometimes, these very large rounds are delivered in tranches based on milestones
Almost always, even not so large rounds.
Re:Ilya Sutskever's SSI Inc raises $1B
by laluser on Wednesday September 04, 2024 @07:24PM
(#41451889)
Short-term treasury bills from the government.
Re:Ilya Sutskever's SSI Inc raises $1B
by Mengkudulangsat on Wednesday September 04, 2024 @09:04PM
(#41452473)
Sometimes the cash doesn't even leave the VC until a capital call is made. This "round" is just to lock in a valuation.
I assume that service is what SV bank provided before it tanked, but someone has to manage that cash for the few years it takes to burn through it. What kind of service do you park that in.