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See the pitch memo that raised €105M for four-week-old startup Mistral

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Re: See the pitch memo that raised €105M for four-week-old startup Mistral

#21

Post by dist-epoch »

Waterluvian wrote: post #16

To me Mistral is a cheap kitchen appliance brand so I looked it up. There’s a lot of brands named Mistral. Soap, windsurfing, apparel, alcohol, footwear, to name the first half of the first page of Google results. We can add AI to the pile. :) I’m not sure I understand the motivation behind picking a well-used name. Is there some strategic advantage to this?

Or maybe name just doesn't matter (as long as it's not mega-awful).

Is "Hugging Face" a better name? Sounds like something from the Alien movie.

Re: See the pitch memo that raised €105M for four-week-old startup Mistral

#22

Post by whizzter »

Waterluvian wrote: post #16

To me Mistral is a cheap kitchen appliance brand so I looked it up. There’s a lot of brands named Mistral. Soap, windsurfing, apparel, alcohol, footwear, to name the first half of the first page of Google results. We can add AI to the pile. :) I’m not sure I understand the motivation behind picking a well-used name. Is there some strategic advantage to this?

The word comes from a strong wind in the Rhine valley and the south of France so I guess the usage hearkens back to that.

Re: See the pitch memo that raised €105M for four-week-old startup Mistral

#24

Post by dist-epoch »

bb_muffin wrote: post #2

Reading that memo is going to be a "hold my beer" moment for many, no doubt. I wonder how much of it was written by ChatGPT...

Even if written by ChatGPT, or a bored high-schooler, you still need someone to select what version to submit.

Many times this is where the skill is, in the selection, not in the production.

Re: See the pitch memo that raised €105M for four-week-old startup Mistral

#25

Post by cracrecry »

For me it is clear that they have given that much money expecting they can get back way more having access to EU bureaucracy.

In the EU bureaucracy is huge and they spend billions on taxpayer money. It really doesn't matter if those billions are wasted away or not.

I have a company and I have to talk with EU politicians, most of them are clueless regarding technology, but they spend billions anyway, so you need to talk with them like they are 10 years old.

It seems like they have a guy who is an specialist on just that and knows the right people.

Re: See the pitch memo that raised €105M for four-week-old startup Mistral

#26

Post by sho_hn »

cracrecry wrote: post #25

For me it is clear that they have given that much money expecting they can get back way more having access to EU bureaucracy. In the EU bureaucracy is huge and they spend billions on taxpayer money. It really doesn't matter if those billions are wasted away or not. I have a company and I have to talk with EU politicians, most of them are clueless regarding technology, but they spend billions anyway, so you need to ta…

The older I get, the more I understand the value of having tech people explain themselves to non-technology people.

Re: See the pitch memo that raised €105M for four-week-old startup Mistral

#30

Post by Archelaos »

whizzter wrote: post #22
Waterluvian wrote: post #16

To me Mistral is a cheap kitchen appliance brand so I looked it up. There’s a lot of brands named Mistral. Soap, windsurfing, apparel, alcohol, footwear, to name the first half of the first page of Google results. We can add AI to the pile. :) I’m not sure I understand the motivation behind picking a well-used name. Is there some strategic advantage to this?

The word comes from a strong wind in the Rhine valley and the south of France so I guess the usage hearkens back to that.

It has nothing to do with the Rhine valley. It is a strong seaward wind just in southern France.
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