So… how long does it take before a company stops being called a startup?
Lmao, right. 1.5 Billy just laying around? Probably not much of a startup anymore…
Once it starts actually generating profits id assume. Or in most cases once it gets bought out.
Yeah, the definition is (or at least used to be) that a startup doesn’t have a business model yet.
When they’re weaned from the teat of round after round of investment
Probably once they can stand on their own merits and make a profit. So never in the case of AI companies.
Now that is how you build a Mote
ah yes, a “startup” that has at least 1.5 billion
Where are they getting $1.5 billion from? Is this business actually profitable?
Monopoly money using image generation ML tech for the design. Special partnership with HP for printing these notes.
They just did a fundraising round and raised like $13b
Haha what a funny way to say massive fraud and money laundering
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At least I can enjoy stupid corporate leaders lapping up the dogfood they’re told to eat, except for the pain workers and real people suffer as a result of this yheft, trash and grift.
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$500 million in run-rate revenue
Absolutely astounding that they can raise $13B on a sixth round of funding on that.
For the less finance jargon savvy, “run-rate revenue” just means projected annual revenue.
All this means they spent 3 years of revenue to make this go away.
Absolutely not a profitable business lol.
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500 million was specific to Claude Code, they are at 5 billion annual run rate and growing
I see. That definitely makes 13B way more sane.
They’ve raised $32 billion total. Does it still sound sane?
5B run rate explains the wild 183B valuation better. The calculus is usually a solid return after 3 years and double or better by 5, so they’re being on something like a 500B valuation by 2030.
And they very likely won’t be profitable in the real sense even then.
The $5B run rate, as I understand it, is smoke and mirrors. Each dollar they make costs them much more than that dollar. Sell it at a loss, but make it up on volume!
Something something efficiency
The models are only getting more expensive to train and run as they increase in complexity.
Yikes.
Series F
Does this imply that it’s the sixth round?
Goddamn.
Next time don’t download the pirate library.
Next time don’t get caught downloading the pirate library.
FTFY
Everyone cheering for this will see no benefit from it.
Rubes.
Glad to see they have to pay up but what was different about this compared to the similar case that Meta won the other day?
Meta has more money and is apparently immune from consequences?
No if you pay the president enough he will let you commit crimes against humanity.
I mean that’s essentially the same thing I said just with more words.
Meta has money. Which makes them immune to consequences.
In this case, by way of bribes.
You didn’t counter my statement. You just added to it.
Is any of that money actually going to the authors, or is this just like a fine they hand over and they donate some money to a charity or something?
Don’t be silly.
