i am still amazed how most startup investors are great at understanding that startups can grow exponentially but don’t understand that markets can too “the TAM is too small” has cost startup investors more money than any other often-repeated phrase i know of
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(“the founder is too inexperienced” is a close second and “what’s the barrier to entry?” is a close third)

Aug 19, 2022 · 3:57 AM UTC

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Replying to @sama
One more addition - Big tech will kill you!
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Replying to @sama
("the startup is a criminal") In its response to the USPTOffice, OpenAI acknowledges that the vast majority of content posted online is protected by U.S. copyright laws. uspto.gov/sites/default/file… They're using it as a 0-cost asset and selling it anyway.