The AI industry is heavily capitalized, and reliant on smoke and mirrors. Calls for regulation and open letters asking for a pause in AI research from leaders of AI companies make headlines every few months. These are not circulating out of genuine fear, they are self aggrandizing, and honestly monopolistic. In under a year, artificial […]
At one time, Valleywag part of Gawker served as a tattletale hall monitor for the startup community. But since Peter Thiel sued the publication out of existence, the startup world has run amok without media coverage until hundreds of millions of dollars are involved. That’s a problem for the entire ecosystem.
This morning I saw a post by Paul O’Brien titled “A VC is asking 6% for acting as an advisor…” – My first thought, that is some b******t – O’Brien agreed. His post is well worth reading, and it lead me down another thought pathway. When you give out a lot of equity, you are […]