@brycent while they can keep competing in the AI race with Grok using that FCF to build more GPUs. Doubling down on training Grok would be betting that they can surpass Anthropic/OpenAI in the next 1-3 years (the deal term of GPUs to Google), and that bet would be simply be unrealistic.
@brycent I would argue the move is based on opportunity cost principles, SpaceX is nearing a highly controversial valuation IPO and have the opportunity (by renting GPUs) to capitalize on short term cash flow (that will give peace of mind to SpaceX - soon to be - shareholders ) [cont.]
@paulg Context: controlled for total funding, funding rounds, and other states. California's effect held.
"If you could get the right ten thousand people to move from Silicon Valley to Buffalo, Buffalo would become Silicon Valley." - @paulg
Everyone says "just move to sf"
I ran a model on 3,748 US startups from Crunchbase to see if location actually matters
Results: California significant at 1%
Simple words:
Odds of success building a startup in SF > Elsewhere
Read @paulg's "How To Be in SV" to see why
If you’re wondering…
yes, @jackfriks’s guide works.
It took me 500 posts to start seeing some traction. (made a few mistakes)
I don’t have a product yet but nice to see some traction in the content.
@martinmuzatko@jackfriks In the caption.
Tbh, it took me 1.5 years because it was a side project and at the bottom of my priorities.
If I worked on it every day, I would have gotten the same traction in 1 - 3 months.
If someone would ask me: Who’s the “under radar” guy on twitter tech that’s going to be big?
I’d say 100% @Davidjpark96
He’s building a hold co. of AI edtech startups in real time and brain dumping his learnings.
Huge fan.