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My dad wasn’t drawn to the U.S. by any specific dream, just a chance for something different. Still, he understood that American life is unbounded promise and hypocrisy, faith and greed, new spectrums of joy and self-doubt, freedom enabled by enslavement. All of these things at once.
My Dad and Kurt Cobain
Hua Hsu
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
Not only that, but you can usually moderate (identify and ban) spam without understanding the language.
Thread by @Yishan on Thread Reader App
threadreaderapp.com
...catch up on these, and many more highlights
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