Chris Brown
@almostcmb
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VC leading Seed through A @inspiredcap. Unprofessional athlete.
NYC
Joined January 2015
the thing about the phrase "software is eating/ate the world" is that its not true. aggregate enterprise software revenue is like $700B. thats a fraction of US GDP, never mind global. software won't eat the world. vertically integrated tech enabled industry newcos might, though.
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So we have ~5%+ of US GDP dedicated to AI infra at this point. And yet there is no agentic product that can successfully book me a flight without oversight. And now OAI socializing a move towards biz model not directly aligned with model progress.
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BREAKING: The SPAC King returns. Chamath Palihapitiya files a new $250M SPAC: American Exceptionalism Acquisition A (AEXA).
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RT @Abude_al_asaad: Excited to share our $25M Series A led by @forerunnervc and @Lux_Capital!. More investors and stakeholders are energize….
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RT @SouthernValue95: People are really trying too hard to be thought leaders predicting the way distant future based on an emerging technol….
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He had to explain the distinction between annualized revenue, ARR, cARR, GMV, and net revenue too many times.
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supply of capital brings non consensus ideas consensus quicker than they themselves can get there.
Next person that DM's me "We are building the Scale AI for robotics data" gets tarred and feathered in the public square.
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Affiliate > other marketing spend is representative of a broader societal shift. The world is now filled with slop. People want signal in the noise. They want to buy things recommended by people they trust, read things written by people who know what they are talking about, etc.
On top of volume falling due to the “one answer” desire of the user, the revenue per query will fall dramatically. This the part people don’t fully grok. Affiliate fees are 5% or less. CAC marketing fees can be 50-150% of revenue. We are moving to an affiliate fee world.
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After paying this summer's electric bills I am now all ears to anyone pitching more efficient grid technology. What an insane feature of modern society this is
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Gigabrain take. If you think AGI will replace human reasoning. And QC will soon be more efficient form of computation. The only vector left to capture value is the way in which these technologies interface with the physical world. So you should. be long robotics/embodied AI?.
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I hear this concept discussed frequently. But it's more perception (and maybe some suave product marketing) than reality. If you really study the history of the asset class, right alongside semiconductor investments are endless stories of pitches from coffee shops (Starbucks),.
venture capital went from weirdos at the fringes of society investing in semiconductors to harvard educated spreadsheet jockeys doing occult excel macros to value brick and mortar private equity rollups at software multiples because the deck said "ai" 25 times.
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So we have historic amount of capex going to AI hardware + data centers. Projects starting now take few yrs. Then we have quantum computing 5-10 yrs away (according to some). What happens to the AI hardware capex if/when QC capacity comes online? Is it redundant? Complimentary?.
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RT @signulll: why the hell are there so many cringe funding announcement videos now? worse, why are people buying x ads to juice the engage….
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RT @FoxboroJoker: Pete Carrol made the correct decision to throw the ball. 1 timeout left & needed to maximize his chances at the end zone….
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RT @psyopcapital: A huge issue I see among investors is that they implicitly apply a labor theory of value to their research process--they….
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Fill in the blanks. For all AI applications funded to date:. [x%] are GM negative.[x%] 0-50% GM.[x%] 50%+ GM.
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