Max Beauroyre

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

People are building parallel systems of actual value while maintaining their corporate personas.

The distortion is exacerbated by the fact that people building profitable companies outside the sphere of the VC dominion have little systemic need to tell their story. VCs, on the other hand, needs the continuous PR campaign to meet their recruiting goals. They can’t just bag a single win and be content henceforth

The three dynamics above can help us understand DeepSeek's recent releases. About a month ago, DeepSeek released a model called "DeepSeek-V3" that was a pure pretrained model 3 — the first stage described in #3 above. Then last week, they released "R1", which added a second stage. It's not possible to determine everything about these models from... See more

Back in the 1980s, he told me, consulting firms were useful. Thanks to the corporate raiders of that era and the loosening of antitrust laws during the Reagan administration, acquisitions became the hot new trend, as big companies began acquiring other big companies. That meant that employees were going to be fired. Integrating two company cultures... See more

Put differently, the long-term product and economic impacts of having everything operating on the same plane outweighs the short-term impact of replacing hardware.