$250k for your AI-first product startup

#1

Post by amrrs » Tue, Aug 30, 2022, 4:49 PM UTC

$250k for your AI-first product startup
aigrant.org

Re: $250k for your AI-first product startup

#2

Post by azhenley » Tue, Aug 30, 2022, 5:06 PM UTC

Interesting pivot. They used to call themselves a "non-profit distributed AI research lab" that gave small chunks of cash to AI researchers. Now they've changed to much larger investments for products/startups.

See their HN announcement 5 years ago: https://news.ycombinator.com/item?id=14851806

Re: $250k for your AI-first product startup

#3

Post by m00dy » Tue, Aug 30, 2022, 5:07 PM UTC

azhenley wrote: post #2

Interesting pivot. They used to call themselves a "non-profit distributed AI research lab" that gave small chunks of cash to AI researchers. Now they've changed to much larger investments for products/startups. See their HN announcement 5 years ago: https://news.ycombinator.com/item?id=14851806

AI popularity is fading away...Maybe that's why.

Re: $250k for your AI-first product startup

#4

Post by faangiq » Tue, Aug 30, 2022, 5:08 PM UTC

Cool. I wish more people that had “made it” thought of “giving back” in this way.

Re: $250k for your AI-first product startup

#5

Post by in3d » Tue, Aug 30, 2022, 5:11 PM UTC

Investments are not “grants.” Very misleading.

Re: $250k for your AI-first product startup

#6

Post by minimaxir » Tue, Aug 30, 2022, 5:15 PM UTC

m00dy wrote: post #3

azhenley wrote: post #2

Interesting pivot. They used to call themselves a "non-profit distributed AI research lab" that gave small chunks of cash to AI researchers. Now they've changed to much larger investments for products/startups. See their HN announcement 5 years ago: https://news.ycombinator.com/item?id=14851806

AI popularity is fading away...Maybe that's why.

Given that the Hacker News frontpage has been taken over by GPT-3/DALL-E/Stable Diffusion in the past couple months, consumer AI popularity definitely is not fading away.

Re: $250k for your AI-first product startup

#7

Post by mousetree » Tue, Aug 30, 2022, 5:18 PM UTC

in3d wrote: post #5

Investments are not “grants.” Very misleading.

There is a very clear section titled "Wait, is this a grant or an investment?"

Re: $250k for your AI-first product startup

#8

Post by btdmaster » Tue, Aug 30, 2022, 5:18 PM UTC

"open source": https://github.com/CompVis/stable-diffusion/blob/main/LICENS...

(from "open" in the article)

Re: $250k for your AI-first product startup

#9

Post by in3d » Tue, Aug 30, 2022, 5:22 PM UTC

mousetree wrote: post #7

in3d wrote: post #5

Investments are not “grants.” Very misleading.

There is a very clear section titled "Wait, is this a grant or an investment?"

Exactly, and yet they still call it a “grant.” Would you have no problem if Amazon called themselves a charity?

Re: $250k for your AI-first product startup

#10

Post by azhenley » Tue, Aug 30, 2022, 5:22 PM UTC

I’ve always wanted to setup a nonprofit to give motivated people a grant (not investment!) that enables them to build an app/product. Like maybe someone who didn’t go to college but wants an opportunity to build a product.

How hard is it to set this up? The process to start a nonprofit doesn’t seem inviting.