On Oct 18, 2007, at 10:40 PM, John G. Rose wrote:
Well after living in Seattle during the dot com craze the hype was
just
absolutely out of control. Yet people did get funded. Was it all
worth it?
Hell yeah but the hangover was pretty bad :) AGI IS hypeable but
people have
to make a conscious decision on whether to do so or not as without any
deliverables it's going to look real bad when the investors pull out.
AGI is poorly suited for venture capital in every case I can think
of. Ignoring everything else, it tends to leave the venture
constantly begging for capital which has serious consequences on
performance and reputation. It is a Catch-22, though perhaps well-
deserved.
In short, traditional venture capital is a poor finance model for
AGI. Which does not suggest other finance models.
Cheers,
J. Andrew Rogers
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