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by delusional
315 days ago
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I'm not going to say that nobody is expecting it to do these things, but I don't think they should. It's still unable to write a simple function. What we've seen isn't a reasonable increase in expectations based upon validation of previous experiments. Instead it's racking up of expectations by all the signals of success. When they time and time again take in more VC cash at ever greater valuations, we are forced to assume they want to do something more, and since they get the cash we have to assume somebody believes them. Its a pyramid scheme, but instead of paying out earlier investors with the later investors cash its a confidence pyramid scheme. They obsolete the previous investors valuations by making bigger claims with larger expectations. Then they use those larger expectations as proof they already fulfilled the previous expectations. |
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