Max Beauroyre

We’re in a confusing period where AI capabilities have vastly outperformed even optimistic projections, but have undershot when it comes to economic impact. It’s not clear why that’s the case.

Because if you strip LLMs to their essence, they are just a much better way of using statistics to aggregate human intelligence and connect everything we’ve all done together to get more use out of it.

“What is it worth to be the company that quite literally makes every company more profitable?”

For the same reason these systems will be helpful with anything, we should expect that these systems will be able to help with the problems that they create. If we believe there are solutions to unhappiness or a feeling of a loss of purpose, and that these solutions can be found with intelligence, then we should expect these systems to be able to h... See more

But the trend is clear: answers to even very hard questions are becoming cheaper and cheaper and cheaper. Which means the ability to ask them is getting more and more and more valuable.

Agriculture was a tremendous invention – it got people fed and freed them to do many things. But agriculture – taken to the extreme in the pursuit of profit leads to a sick and obese population and industrialized farms with little regard for the environment or animals. And in response to that, we now have amazing artisanal and healthy food choices ... See more

Valuation is all about all alignment. When we’re working on a round together we have to align each of four factors.

1. Capital : how much you’ll raise and spend


2. Valuation : the price you’ll raise it at


3. Inputs : what you’ve done to date


4. Outputs : what you will do with the money