Join Platy’S Readwise Highlights
A batch of the best highlights from what Platy's read, .
Basically if you’re a regular old venture capitalist and you invest $1 billion in an artificial intelligence startup at a $10 billion valuation, you only make money if the startup eventually sells or goes public at a higher valuation. But if you’re Amazon and you invest $1 billion in an AI startup at a $10 billion valuation, and as part of the deal it agrees to pay you $500 million a year for computing power, you can make money on the commercial deal even if the investment doesn’t work out. You are investing not only to make money on the deal, but also to increase your own revenue. (And you might not even be investing cash — the $1 billion might be in the form of compute rather than money.) This lowers your bar for investing,3 so you will be willing to invest more money at higher valuations in AI startups if you can also get the commercial deals. Which means that regular old VCs will either be frozen out of those deals, or will have to overpay for them.
Shareholders Are People, Too
bloomberg.com
If we imagine ourselves as directors observing what goes on in the theatre of everyday life, we are doing what Goffman called dramaturgical analysis, the study of social interaction in terms of theatrical performance.
Dramaturgy (Sociology) - Wikipedia
en.wikipedia.org
It is toward the end of the second draft, if I’m lucky, when the feeling comes over me that I have something I want to show to other people, something that seems to be working and is not going to go away. The feeling is more than welcome, yes, but it is hardly euphoria. It’s just a new lease on life, a sense that I’m going to survive until the middle of next month. After reading the second draft aloud, and going through the piece for the third time (removing the tin horns and radio static that I heard while reading), I enclose things in boxes for Draft No. 4. If I enjoy anything in this process it is Draft No. 4. I go searching for replacements for the words in the boxes. The final adjustments may be small-scale, but they are large to me, and I love addressing them. You could call this the copy-editing phase if real copy editors were not out there in the future prepared to examine the piece.
...catch up on these, and many more highlights
Readwise