Professional Bay Area VC Skeptic, Pioneering MLOps Leader & Author, Veteran Startup CTO, Duke Data Science & AI EIR, Ex-Caltech/Disney/Sony
Another HUGE #bayarea #vc loss from #sequoia with #twitter. When they say they "believe in <X>", pretty sure you should do the opposite. Also seems like they bet on weirdos in tech, i.e. loud, and outrageous types who then burn them. Sequoia Capital Investment: $800 million 2024 value: $224 million Difference: -$576 million
It's always investors aka tax payers who finally loose the money and the day American tax payers did not offer all the benefits they do to Musks companies we will get to see the true market competition 😃
Musk is a problem for the planet as well take a look at these 2 articles : https://www.nature.com/articles/d41586-024-02841-4 https://www.independent.co.uk/space/elon-musk-spacex-starlink-internet-b2567423.html
AI - ML products
10hElmo is supposed to be good at 2 things, talking and investing. At least talking is not hurt. Finally it makes this 'Ceo' very "human" as I did very bad investments too (like buying one of my previous company stocks as worker investment plan before the dip with -95% thanks Mr European Commissioner Breton). Where I don't like Elmo is about massive tech layoff as I believe he's the one who started the trend. It did spread like bushfire. Personally that hurts, but let's be positive here: that's the best possible moment to launch a startup. Now.