I was part of startups that raised billions of VC in my 20s in Silicon Valley and didn't make much money:
1. VCs tell you to dedicate your life to the business, but they take August off.
2. VCs tell you that you need to go big or go home, but their business is a collection of many bets
3. VCs tell you it's all about team, but it’s common to replace a founder/ceo.
4. VCs tell you to be lean and agile, but they’ll drown you in cash if it means a big exit.
5. VCs tell you to maintain a work-life balance, but smile when you send emails at midnight.
6. VCs tell you to own your niche, but often nudge you towards mass markets before you're ready.
7. VCs tell you to measure everything, but their decision to fund often hinges on intangible 'gut feelings'.
Am I wrong? Be honest.
Now, I don't think all VCs are the same, just like all entrepreneurs aren't the same.
But the problem isn't in VCs, it's two things:
1) Some businesses need venture funding to thrive. The SpaceX type businesses or Uber type businesses
2) VCs aren't 100% aligned with founders (especially first time founders).
Let me break it down.
They are incentivized for you to grow valuation. And sell or go public one day.
But if you get an M&A offer that might be life-changing for you and your family? They might say don't do it.
That happened to me.
I had an M&A offer that was life changing when I was 22 years old.
I would return 3x the amount I raised. Not bad right?
I brought the deal to my lead VC. And he wouldn't sign the paperwork.
"I'm not thinking big enough. Imagine what I can get in 5 years. Forget 3x, think 30x".
I'll write about that story in a future newsletter post (link in bio).
So, for most entrepreneurs, I say make your money doing bootstrapped.
Support your family. Buy your first house. Retire your parents. Do whatcha gotta do.
That "makes a ding in the universe" in a different way.
It makes a ding in your universe.
Don't be shy to share this.
Let's have an honest convo about this.
"Exploring the cutting-edge in AI 🤖: Just read 'Magicoder: Source Code Is All You Need' on arXiv (https://t.co/Gy4Aqqzshb) - a game-changer in coding LLMs! It's open-source, efficient & powerful. Excited for what's next in #AI! #MachineLearning#CodingInnovation#TechTrends" 🚀
🚗✨ Just read an amazing paper on integrating LLMs for human-like autonomous driving! 'Agent-Driver' system brings a groundbreaking shift in AI for vehicles, blending tech and human intuition. Check it out 👉https://t.co/THqCRKUrk3 #AI#AutonomousVehicles#Innovation@yuewang314
Exploring new frontiers in AI with 'Scaling Instruction-Finetuned Language Models'. This study shows promising results in enhancing model performance by scaling tasks and model size, and incorporating Chain-of-Thought finetuning. https://t.co/DU7s8xMNRb
🌟Discovering "Orca 2: Teaching Small Language Models How to Reason" 📷 - a game-changer in AI! This paper revolutionizes small AI models, enabling them to reason like larger counterparts. A must-read for AI enthusiasts! Check it out 📷https://t.co/ghnb8swei8 #AI#MachineLearning
Mapping the Generative AI project lifecycle 🔄:
Define use case
Choose/pretrain a model
Prompt engineering & fine-tuning
Evaluate performance
Optimize, deploy, and build LLM apps #AI#ML#TechWorkflow
🚀 New paper alert! "Simplifying Transformer Blocks" by Bobby He & Thomas Hofmann revolutionizes AI. Their approach trims transformer block complexity, boosting training speed by 15% & reducing parameters by 15% too! 🤖✨
🔗 Dive in: https://t.co/yuADxbMDnk
#AI#ML#Innovation
Revolutionizing model training: 🌟 "With the right LoRA settings, you can now finetune massive 7B parameter #LLMs on just a single GPU!" - Sebastian Raschka @rasbt .Efficiency meets innovation in #AI. #MachineLearning#BigData
Diving into Transformer model architectures: Autoencoding with MLM, autoregressive CLM, and seq-to-seq span corruption are key to pre-training language models. #AI#Transformers#Deeplearningai
Dive into finetuning LLMs with Sebastian Raschka's guide on LoRA (Low-Rank Adaptation) 🧠. Achieve reliable results while optimizing GPU efficiency. Essential reading for #AI practitioners! @rasbt#MachineLearning#NLP https://t.co/h0z2ueUagt
Meet the hybrids of AI: Encoder-Decoder Models! 🌐 Amazon's AlexaTM 20B & Google's Flan-T5 are setting benchmarks with specialized training objectives to tackle complex tasks. They're not just smart, they're versatile. #MachineLearning#AI#HybridModels#FutureOfAI
AI's Decoder-Only Models are reshaping tech! 🚀 With Stanford's Alpaca to OpenAI's ChatGPT, DeepMind's Gato & more, each model is a leap towards smarter AI. Whether it's language understanding or scientific breakthroughs, the future is here! #TechTrend#DeepLearning#AIRevolution
Exploring the frontiers of AI with Encoder-Only Models! 🤖💡 From Google's ALBERT and ELECTRA to DeepMind's AlphaFold and OpenAI's CLIP, to Hugging Face's E5, the AI landscape is bustling with innovation. #MachineLearning#ArtificialIntelligence#DeepLearning
@Codie_Sanchez 🚀 Elevate your success with the right partners: Avoid short-term thinkers and loss histories. Embrace those with winning streaks, commitment to long games, and a hands-on approach. The best partners do more than strategize—they deliver. #SuccessPartnership#ChooseWisely
🎓 Meet LearnMate GPT, your personal interactive learning assistant! 📷 It offers tailored learning modules with quizzes and examples to make understanding easy and fun. Let's embark on a journey of knowledge together! #GPT 📷 🚀 https://t.co/VX7A7MFqiJ @sama@AndrewYNg#GPT4
🧵5/5 Your privacy comes first. Your data stays yours, and you control how it's used. With OpenAI's commitment to safe AI use, you're part of a responsible tech movement. Ready to join in? Create your GPT today! #TechEthics#DigitalPrivacy
How to develop your own GPTs:
🧵1/5 Exciting news from @OpenAI! Now, anyone can create custom ChatGPTs tailored for personal, work, or fun tasks - no coding needed! Ready to build your own? Follow along! 👇 #GPT#AI#NoCode
🧵4/5 Once you're set, share your GPT with the world or keep it for internal use. Get ready to see it in action on the GPT Store, where the community can discover and rank the best creations. #OpenAI#Innovation