[nostrademons]

Pretty much everything a startup does is find resources that are underutilized and then utilize them for something outside their main purposes. If it is someone who's donating $100K to charity for publicity...well, that's a pretty neat hack, and one that everybody wins from.

[foobarqux]

Fine, well done. But no one should care that Sam Altman bet that we are not in a bubble against someone who doesn't care much one way or the other but wants his name in the paper.

[mod]

I doubt anyone really does care.

The only thing I'm really interested in is why sama decided the other bettor had to be a VC. That's a pretty silly requirement.

Anyway this isn't a ballsy bet at all, really. Guys on 2p2 (poker forums) routinely make huge proposition bets that are more fun, interesting, and risky than this--occasionally for charity, as well (though not that often).

Losing this bet will likely do no more to either bettor than losing a $5 bar wager would do to me. Pony up the cash, shake victor's hand, move on with my day and forget about it.

[tibbetts]

I agree, this bet would make more sense if the other party was a hedge fund manager or someone else with a professional interest in being bearish on tech innovators. No active serious VC who's might have raise a fund or invest at a high valuation is going to bet publicly against the unicorns. Might as well just retire.