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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
With Slashdot, I was able to control that to a certain extent because the home page was rate-limited to humans making the call about what goes on that page. reddit can have 200 items on the home page. Slashdot we kept bounded to 10 or 15 [posts per day in the early years] and by the end we kept it bounded by 20 or 25. At some point that 31st story isn't really that much better. With more and more voices, you tend toward broader subjects. Eventually it becomes less and less interesting.
Slashdot Founder Rob Malda on Why There Won’t Be Another Hacker News - The Washington Post
washingtonpost.com
It’s the worst false economy I can imagine to force myself to use suboptimal tools for my thinking and planning work, just because I can reuse them at more than one stage. The very minor busywork of transcribing ideas between tools is far, far, far less of a cost than the constant, accumulating annoyance of trying to think well and create effectively using tools that don’t fit your current mode of thinking.
Use the Right Tools — Matt Gemmell
Matt Gemmell
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