- cross-posted to:
- technology@lemmy.zip
- cross-posted to:
- technology@lemmy.zip
Despite seemingly having nothing else in the pipeline and the AI Pin being dead on arrival, Bloomberg reports the company is “seeking a price of between $750 million and $1 billion in a sale.”
It’s important to realize that the nerd you saw on the news has always been someone wearing nerd as a costume and the entire history of technology is loaded with examples of the real nerd being marginalized. It’s just that in ages past the VC’s would give a smaller amount of money and require the startup to go through concrete milestones to unlock all of it so there was more of a chance for the founder’s dreams to smack up against reality before they were $230m in the hole with no product worth selling.
20 years ago, the big question VCs were asking their startups was, “How do we convince Microsoft to buy this company?” Simpler times, back then.
10 years ago it was “how do we convince Google to buy this company?”