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How much money we can raise for transparently idiotic startups?

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Re: How much money we can raise for transparently idiotic startups?

#41
post #4

My head immediately jumps to YikYak but I know there were some others in this domain 10 years ago. I can't think of many recently though! https://en.wikipedia.org/wiki/Yik_Yak

Too many syllables in the name, and too much functionality. I refer you to Yo: https://en.wikipedia.org/wiki/Yo_(app)

I registered yo.wtf a long time ago, I need some suggestions what to do with it.

Re: How much money we can raise for transparently idiotic startups?

#42
post #36
post #33

Earlier quoted context omitted.

I dunno, for all the perceived (and real) failures, the last few generations of these experiments have spawned some of the highest earning, and arguably transformative, companies in history.

Which ones?

Challenger banks have been pretty great for all their failings, at least in the UK. Can’t believe people actually used to charge you for being broke.

E2E encrypted messaging that is accessible to people and works using data has been transformative.

Twitter has changed the landscape of communication.

Streaming music and video services have changed the way people consume media and shaped the way it’s created and broadcast.

Re: How much money we can raise for transparently idiotic startups?

#43
post #11

Like a lot. Didn't YC even fund that startup that wanted to turn middle class suburban homeowners into slumlords by building rental poverty shacks in their back yards?

I don’t know what startup you are mocking, but this is a very bad faith way to characterize building ADUs cheaply. You don’t know the first thing about housing, besides making drama about it.

Multi-family units and rezoning single family plots is great. Trying to get poor people to live in the back yard like a family pet is a humiliating proposition.

Re: How much money we can raise for transparently idiotic startups?

#44

This isn’t just a poorly made joke it’s also not even making fun of the right thing. The vast majority of investment is inside of public firms into themselves for ai. VCs have actually broadly been sidelines as they both lack the capital to make major moves nor see small enough direct application to invest. There are plenty of jokes to be made about AI, this is a dumb one.

As a sampling exercise, go here: https://a16z.com/portfolio/

Select AI as focus area, choose your stage of choice, "Active."

Then look here: https://www.ycombinator.com/companies?batch=S24&batch=W24&ta...

Combine that with JumpCrisscross's comment, and your take seems passing strange.

Re: How much money we can raise for transparently idiotic startups?

#45
The important thing to understand here is that you shouldn't write on a latex balloon with a Sharpie. It works well for a while, but when the balloon inevitably pops or deflates, the Sharpie ink will re-liquify and get all over the place. Then you will learn the meaning of the phrase "indelible on porous surfaces".

Re: How much money we can raise for transparently idiotic startups?

#46

The important thing to understand here is that you shouldn't write on a latex balloon with a Sharpie. It works well for a while, but when the balloon inevitably pops or deflates, the Sharpie ink will re-liquify and get all over the place. Then you will learn the meaning of the phrase "indelible on porous surfaces".

Everything you just wrote has made me understand that I should write on a balloon with a Sharpie.

This sounds fun. Thanks.

Re: How much money we can raise for transparently idiotic startups?

#47
While some people can raise a ton of money for ideas that don't seem to make sense, the majority of others won't raise a dime. It's a matter of access (which could be a signal for early investors ability to cash in for later investors.)

For investors in the art market, they will invest in some artists and not others, irrespective of how appealing the art is, as provenance is the signal for ROI.

Re: How much money we can raise for transparently idiotic startups?

#48
post #39

Earlier quoted context omitted.

> startup world is just a massive pump and dump scheme, and so it moves from field to field finding the next hotness But we retain the solutions that work. A slime mold tries a bunch of useless paths in a maze before it finds the right one. Then it trims and reinforces. Most start-ups failing isn't a sure sign of wasted work.

What startups have provided lasting real solutions and value, not just capitalistic, in say the last decade?

This will be tough to answer because you've supplied a vague standard. According to the Unabomber, electricity is not a real solution. Where shall we sit on the spectrum?

Re: How much money we can raise for transparently idiotic startups?

#49
post #21

It's not just AI startups. It's almost all of them. The startup world is just a massive pump and dump scheme, and so it moves from field to field finding the next hotness. Self-driving cars, VR, EVs, AI, and so on. People soon realize that you can't just take a bunch of hipster tech employees and suddenly create non-solutions that need to have problems created for them to even be solutions, much less choosing extreme…

Private equity has mastered this formula in the last decade.

Throw as many unrelated businesses that you can buy for pennies on the dollar into a basket. Claim it is now diversified. Decrease expenses by allowing all of your good employees to run for the hills screaming while not replacing them. Post one year of record profits by sacrificing quality in the name of quantity. Re-capitalize in order to generate a massive return. And then rinse and repeat on your next victims, I mean ventures.

Re: How much money we can raise for transparently idiotic startups?

#50
post #39

Earlier quoted context omitted.

> startup world is just a massive pump and dump scheme, and so it moves from field to field finding the next hotness But we retain the solutions that work. A slime mold tries a bunch of useless paths in a maze before it finds the right one. Then it trims and reinforces. Most start-ups failing isn't a sure sign of wasted work.

What startups have provided lasting real solutions and value, not just capitalistic, in say the last decade?

> What startups have provided lasting real solutions and value, not just capitalistic, in say the last decade

Deel, Rippling, Redwood Materials, Convoy, Airtable, Anduril, Cerebral, Checkr and Cerebras were all founded since 2014. Pick one. We're currently seeing an explosion in creativity around satellites, autonomous vehicles (on the road, indoors and airborne), generative AI and biotechnology.

Go back one more cycle and we have SpaceX, Tesla, Uber & Lyft, Moderna, Zoom, DoorDash and other giants that entered busy fields, survived the winnowing and basically created a new industry.

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