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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

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submitted 3 months ago by dgerard@awful.systems to c/techtakes@awful.systems

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[–] fine_sandy_bottom@discuss.tchncs.de 7 points 3 months ago

They need to be producing value even if it's not "taxable profit" according to generally accepted accounting principles.

For Spotify, spending venture capital is fine as long as you secure more users, ready to ne milked later.

For OpenAI, if they burn through $5b in venture capital, their product needs to be ready to make $5b more than it was previously.