Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
1–10 of 283 posts
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#2Do folks think that this was utter negligence by the VCs, or just a pump and dump?
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#3Really weird considering how much AI is actually available now
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#4Do folks think that this was utter negligence by the VCs, or just a pump and dump?
Not just VCs. Microsoft was an investor too.
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#5Do folks think that this was utter negligence by the VCs, or just a pump and dump?
For every investor in Builder, there were multiple that passed.
Notice how (aside from MS) most participants were not experienced Enterprise SaaS or AI/ML investors.
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#6I've read indications that this was always aimed at hybrid model rather than pure AI, but hard to tell now because all the news is on this indians train.
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#7Article from a slightly better source: https://timesofindia.indiatimes.com/technology/tech-news/how...
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#8Really weird considering how much AI is actually available now
Almost like it doesn't work as well as they market it as working?
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#9Do folks think that this was utter negligence by the VCs, or just a pump and dump?
neither?
Negligence doesn't make sense because it was the VCs own money- no duty to care.
It doesn't seem like anyone cashed out either.
Seems like a bad bet that went south.
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#10Have been joking with friends that "AI" stand for "Actually Indians".
We never thought that it wasn't just a joke...