The Contrarian Strategy of OpenAI
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Both OpenAI and Palantir required backing by rich people with deep belief and willingness to fund them for years without any apparent or obvious breakthroughs (Elon/YC Research, and Peter Thiel, respectively). Palantir floundered for years, barely getting any real traction in the gov space, and doing the opposite of the ‘lean startup’ thing;... See more
Both OpenAI and Palantir required backing by rich people with deep belief and willingness to fund them for years without any apparent or obvious breakthroughs (Elon/YC Research, and Peter Thiel, respectively). Palantir floundered for years, barely getting any real traction in the gov space, and doing the opposite of the ‘lean startup’ thing;... See more
Nabeel S. Qureshi • Reflections on Palantir
The most contrarian bet in venture capital right now is Thrive’s investment in OpenAI at an $80B valuation.
Before you bring your pitchforks against me or wonder if I’ve gone crazy, let me explain.
You can be contrarian in two ways:1
Before you bring your pitchforks against me or wonder if I’ve gone crazy, let me explain.
You can be contrarian in two ways:1
- Having a different POV than the mainstream
- Having 100% conviction in the mainstream POV and doubling down on it in a way
Pratyush Buddiga • The Most Contrarian Bet in Venture Capital
Disruption Theory & risk-aversion don’t apply
Incumbents typically cede market space to startups wherever there’s new, unproven technology or a new, unproven market, especially in spaces where they can’t use past data to predict the future. But in AI, they’re rushing to embrace new technology and uncertain markets, spending historic amounts of... See more
Incumbents typically cede market space to startups wherever there’s new, unproven technology or a new, unproven market, especially in spaces where they can’t use past data to predict the future. But in AI, they’re rushing to embrace new technology and uncertain markets, spending historic amounts of... See more