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Leaked deck raises questions over Stability AI’s Series A pitch to investors

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Re: Leaked deck raises questions over Stability AI’s Series A pitch to investors

#21

Post by capableweb »

ShamelessC wrote: post #19
capableweb wrote: post #15

The model was initially released in August 22, 2022, and everything from the GitHub organization that hosted the code, to the actual licenses being around and all the communication made it very clear that there was a bunch of groups involved with the model; Runway, CompVis, and Stability AI Then Stability AI raised money from investors in October 2022. Are you really telling me these investors didn't even do any sort…

How is that far fetched? There are plenty of recent examples where investors didn’t do enough due diligence in projects seeking huge valuations. And why are you putting leaked pitch deck in quotes?

> How is that far fetched? There are plenty of recent examples where investors didn’t do enough due diligence in projects seeking huge valuations.

Is there examples of investors investing in a project without even visiting the homepage of the project or trying to understand even 0.1% of what the project is about? I don't think it's super common, but maybe I'm not hanging around the right/wrong circles in SV.

> And why are you putting leaked pitch deck in quotes?

AFAIK, this is the only article that mentions a leaked pitch deck from Stability AI and it only includes one image, which puts into question if there really is a leaked pitch deck, or if it's just one image that got sent to them.

Re: Leaked deck raises questions over Stability AI’s Series A pitch to investors

#22

Post by algo_trader »

capableweb wrote: post #15

The model was initially released in August 22, 2022, and everything from the GitHub organization that hosted the code, to the actual licenses being around and all the communication made it very clear that there was a bunch of groups involved with the model; Runway, CompVis, and Stability AI Then Stability AI raised money from investors in October 2022. Are you really telling me these investors didn't even do any sort…

My pet theory is that Stability was a surprise viral hit during aug/sep. Then got a massive capital round. And NOW, growth is already slowing and investors are getting buyers-remorse?

Or maybe growth is accelerating, and those who passed on series-A are upset?

Or maybe the lizard men are involved?

Re: Leaked deck raises questions over Stability AI’s Series A pitch to investors

#23

Post by eachro »

KaoruAoiShiho wrote: post #13

Dumb hit-piece, Stability's contribution was vital to the creation of those models. Article doesn't even make the claim that the investors were confused on if Stability owned the models, it just insinuates they were for absolutely no reason.

There is absolutely a reason ...

Re: Leaked deck raises questions over Stability AI’s Series A pitch to investors

#24

Post by sillysaurusx »

Whoa. So I got a DM on Twitter about a week ago thanking me for pushing back on Emad’s claims about cluster pricing. I didn’t really take it seriously (or understand it) till now:

https://i.imgur.com/5XAndrR.jpg

https://i.imgur.com/OAZeZEl.jpg

So for whatever that’s worth, here’s a claim that predates this article by a week that emad was lying about stability origins to investors. I’ve trimmed the name off the DM for obvious reasons, but it’s from someone who seems credible (though I don’t know them).

I don’t like posting random unsubstantiated accusations without context. But this article just provided both.

As for what he lied about (or stretched the truth), I don’t know. I don’t even know if it matters. But this is why I never lie to investors, and why I’ve always really felt negatively towards colleagues who stretch the truth. It’s all kinds of misleading, and it’s a kind of misleading that tends to matter.

It would also make me upset as an investor if I found out that someone had fooled me. So even if it’d be to my advantage to lie for money, I can’t imagine doing it. I’d rather live in relative obscurity.

Re: Leaked deck raises questions over Stability AI’s Series A pitch to investors

#25

Post by capableweb »

ShamelessC wrote: post #12
neximo64 wrote: post #11

What is the story here? Stability funded a model that came off the LMU paper? They certainly did that better than the way OpenAI did, or Midjourney did.

That they funded the model is not in question. It is that they claimed they owned the IP to said model in pitches/messaging to investors when they in fact, did not.

> they claimed they owned the IP to said model in pitches/messaging

Where is the evidence of this? The article certainly doesn't contain anything that proves they claimed the owned the IP.

Re: Leaked deck raises questions over Stability AI’s Series A pitch to investors

#27

Post by szundi »

capableweb wrote: post #21
ShamelessC wrote: post #19

Earlier quoted context omitted.

How is that far fetched? There are plenty of recent examples where investors didn’t do enough due diligence in projects seeking huge valuations. And why are you putting leaked pitch deck in quotes?

> How is that far fetched? There are plenty of recent examples where investors didn’t do enough due diligence in projects seeking huge valuations. Is there examples of investors investing in a project without even visiting the homepage of the project or trying to understand even 0.1% of what the project is about? I don't think it's super common, but maybe I'm not hanging around the right/wrong circles in SV. > And wh…

Yes it happens all the time. Check out the FTX story and many others

Re: Leaked deck raises questions over Stability AI’s Series A pitch to investors

#28

Post by [deleted] »

eachro wrote: post #23
KaoruAoiShiho wrote: post #13

Dumb hit-piece, Stability's contribution was vital to the creation of those models. Article doesn't even make the claim that the investors were confused on if Stability owned the models, it just insinuates they were for absolutely no reason.

There is absolutely a reason ...

[deleted]

Re: Leaked deck raises questions over Stability AI’s Series A pitch to investors

#30

Post by capableweb »

szundi wrote: post #27
capableweb wrote: post #21

Earlier quoted context omitted.

> How is that far fetched? There are plenty of recent examples where investors didn’t do enough due diligence in projects seeking huge valuations. Is there examples of investors investing in a project without even visiting the homepage of the project or trying to understand even 0.1% of what the project is about? I don't think it's super common, but maybe I'm not hanging around the right/wrong circles in SV. > And wh…

Yes it happens all the time. Check out the FTX story and many others

The comparison would be if investors now suddenly say "Hey, we didn't know FTX were trading with cryptocurrencies, we don't like that!", not that things were hidden behind financials and corporate setups.

Even though the troubles of FTX were hidden behind financials, someone who would look deeper into it would spot issues for sure. But maybe not from a brief look, while in this case with Stability AI, no one didn't even do a brief look?

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