fascinating… a demo day of 10 pitches, none of them actually demo’ed a product

ai peak hype is just as grifty / confusing as peak crypto, except in ai you don’t randomly make thousands of dollars in airdrops

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

i was at a dinner with a two-time AI founder (both v well known and relatively successful). he also is prominent investor.

he said the same exact thing, paraphrasing: 

lots of AI researchers getting $$ right to prove a hypothesis instead of to build a product, same way crypto founders got $$ for an idea.

only difference, he said, was that VCs will get burned when $15M into an AI startup goes to zero and will invest with more discipline. AI will become better as a result.

VCs in crypto don’t need to invest with more discipline because they can sell tokens for profit before the project goes to zero. crypto will suffer as a result.

Neovim enjoyer, "a gift to the culture" | Building at /thirdweb

but the knowledge and tooling skills though 😩

And in AI, you can burn a lot of cash before getting anything valuable. Both infra and people cost.