eh ok

little bit of everything

[eh ok @afernaforreal]

Essentially:

1. Founders aim for the big bucks because.. well why not? 🤑

2. If VCs like the idea, founders, and plan, they are willing to invest and oftentimes overvalue the company -- why? VCs are trying to make 50X to 100X on 1-2% of their investments

3. This overvaluation comes with very aggressive benchmarks for growth because the company is expected to "grow" into that large valuation

4. Founder / company cannot keep up with those milestones (oftentimes very unrealistic expectations) and cannot grow into that large valuation

5. Successive VCs say "no more additional money" because growth isn't fast enough to hit the large initial valuation

6. Company runs out of money because they aren't making enough to cover their current operating model and costs and they were relying on larger successive VC rounds to stay alive, which are no longer coming. This is where a company might do a "down round" to stay afloat, which causes them to have a lower valuation and depreciated stock value (employees really do not like this and sets a bad signal)

7. Eventually, founder is forced to sell the company for less than the actual invested amount

8. Investors get money first (albeit not their entire investment since it sold for a lot less than the initial valuation) -- (i.e. called liquidity preference.. or "order of who gets paid back") -- founders are last on this order.

9. Nothing is left for anyone else, including the founders.. founders get $0

10. VCs build this into their risk profile and are generally factoring that this will happen most of their investments -- it's a numbers game, but still not fun for the founders that find themselves in this situation

[eh ok @afernaforreal]

@MarkJCarney Like.. what is a Canadian value that will govern AI? Sounds super sus.

[eh ok @afernaforreal]

@MarkJCarney What does "AI that's governed by Canadian values and AI that's accountable to Canadians" mean?

[eh ok @afernaforreal]

@boardyai A SaaS marketplace for softwares that use 0 AI

[eh ok @afernaforreal]

@adamc0dez Anyone can fundraise if you have legit customers. You don't need anything on that list to find legit customers. Just a great product or service that adds genuine value.

[eh ok @afernaforreal]

@alt_w_v_g You should do one on spending money for vacations. Zero ROI.

Also kids sports. Zero ROI as well.

[eh ok @afernaforreal]

@sflorimm @jayesh_bkd Florox

[eh ok @afernaforreal]

Is a 50 vo2 max good?

[eh ok @afernaforreal]

@pcshipp Any way you can integrate ads to users. Basically, create an ad network where you match advertisers to users based on user behavior?

[eh ok @afernaforreal]

$nvda + $googl almost $10T combined.. what are these numbers.. how are they real. What is life

[eh ok @afernaforreal]

@chamath You realize this is a troll right? He's mocking the Trump portrait on the new US passports.

[eh ok @afernaforreal]

@siddharthwv Jk. All I had to do was try a bit harder to find out 😂

[eh ok @afernaforreal]

@siddharthwv What's your business?

[eh ok @afernaforreal]

@gauravsbuilding @fdotinc Wild!

[eh ok @afernaforreal]

@gauravsbuilding Damn! How much you raise and how big's the team.

[eh ok @afernaforreal]

@zuess05 Vibe failing

[eh ok @afernaforreal]

@LinusEkenstam Only thing better than this would be lightsaber visualization.

[eh ok @afernaforreal]

@Ravenismeee Max Power (worked well for Homer Simpson)

[eh ok @afernaforreal]

@Creatextravel Do it to a billion in one month lol. Clickbait + comment farming post.

[eh ok @afernaforreal]

@bowlcutWiz @arthuryuzbashew Ads?