The fund is unique not only for its size, but for its term as well. Whereas most venture funds have a 5-10 year time horizon, the Vision Fund has a 12 year time horizon with a two year extension.
All startups seek to disrupt and disintermediate a smug status quo, or originate and dominate an entirely new niche. But what makes a brand a bland is duality: claiming simultaneously to be unique in product, groundbreaking in purpose, and singular in delivery, while slavishly obeying an identikit formula of business model, look and feel, and tone... See more
They have 250k subscribers, but there are likely some people who subscribe to multiple publications. Let’s say there are 275k active subscriptions from those 250k subscribers. At $8 per month, that’s $2.2 million in monthly gross revenue. Substack takes 10% of that as their fee, so that would leave about $220k in monthly revenue for Substack.... See more
Artify was an american company founded around the idea that businesses and individuals could enjoy renting artworks on-demand to display at venues, homes etc. In 2012, it received funding from Peter Thiel in an oversubscribed round and was a great topic for excitement in SV, but was shut down a year later; This sparked me to wonder : why the sudden... See more
Language models can take a big chunk of text and smush it down like a foot crushing a can of Coke. Except it doesn’t come out crushed—it comes out as a perfectly packaged and proportional mini-Coke. And it’s even drinkable! This is a Willy Wonka-esque magic trick, without the Oompa Loompas.