6 ms·

I always found it a bit weird how Altman leveraged Loopt (which AFAICT did not make his investors money and was basically a failure) into giving advice to aspir

by md_ 2y ago

I always found it a bit weird how Altman leveraged Loopt (which AFAICT did not make his investors money and was basically a failure) into giving advice to aspiring founders, which he leveraged into, um, whatever he's doing now. Apparently a smart guy, but it's always hard to distinguish "smart at selling himself" from "smart at building good things."

klohto 2y ago
wat? sam is known for leading yc if anything
- dustincoates 2y ago
  I assume that's the "into giving advice to aspiring founders" bit.
- jordanb 2y ago
  He went from being basically a failed founder of a YC company to running YC. Then rumors are that he was fired from YC and then somehow went into AI stuff from there. He's one of those guys like Kevin Rose who seems to be able to fail upward again and again. Like every venture is a failure but the person responsible ends up being given even more responsibility and even more money. They're very common in silicon valley for some reason.
  - rightbyte 2y ago
    Probably some sort of self dealing among some insider group.
  - riehwvfbk 2y ago
    There's a guy like that who's been president once and is trying again. So the grandparent post is right: this is the American way.
- md_ 2y ago
  Yeah, as the other reply here said, that's what I was referring to with "giving advice." As in, his rep seems (from my distant POV) to be about his acumen as a mentor, not investor. Maybe that's bullshit! Maybe he's just great at picking the right horses! And that's totally a talent on its own, and one deserving of a lot of respect. But it seems like his star was really made on the perception that he knows how to give good advice, which as I said above has a bit of a weird "those who can, do..." vibe to it.
ilrwbwrkhv 2y ago
Sam is incredibly smart and has always given great advice. And even though Loopt failed, it failed in the right way. This is America: failure is not a negative. What he has done with OpenAI is only the second time true disruption has happened in the last decade after SpaceX.
- md_ 2y ago
  He's clearly smart. I am not sure I get the "failed in the right way", though. From one point of view, I think it's a great story here that, given how much of a role is played by luck and external factors, someone who might have proven himself to have great instincts and intelligence can get ahead even if, due to external factors, his particular startup failed. But from another point of view, Sam is just an example of "those who can, do; those who can't...", only in this case it's "become hugely successful VCs and CEOs." Which is weird! But maybe the wrong interpretation. I don't know.
- throwaway4220 2y ago
  You’re being way too charitable. Anthropoic and Google are very close almost equivalent? Spacex is 5-10 yrs ahead of its competition
- riehwvfbk 2y ago
  Correction: what the authors of that Google Brain paper on attention did was the time disruption happened. Without them Sam produced a me-too checkin startup. It's so weird that the current frame of thinking is that CEOs are the ones who innovate.
  - ilrwbwrkhv 2y ago
    I never said innovate. I specifically used the word disruption. As I said in another post if people only knew how hard it is to get all the pieces in place to create disruption, these founders would have more respect.
- piuantiderp 2y ago
  He's super smart, just too ambitiously political for many's, including mine, taste.
benreesman 2y ago
The Valley is now acknowledging a history of shady dealings that flew a number of acquisitions into mountains right after their founders flew away on golden wings, Loopt, Socialcam, and Twitch have entered the chat. Everyone who has ever slept with a YC founder has known this for more than 10 years, and there are still going to be holdouts? It’s over folks. It was fun while it lasted. Not.

by md_ 2y ago

klohto 2y ago

wat? sam is known for leading yc if anything

dustincoates 2y ago
I assume that's the "into giving advice to aspiring founders" bit.
jordanb 2y ago
He went from being basically a failed founder of a YC company to running YC. Then rumors are that he was fired from YC and then somehow went into AI stuff from there. He's one of those guys like Kevin Rose who seems to be able to fail upward again and again. Like every venture is a failure but the person responsible ends up being given even more responsibility and even more money. They're very common in silicon valley for some reason.
- rightbyte 2y ago
  Probably some sort of self dealing among some insider group.
- riehwvfbk 2y ago
  There's a guy like that who's been president once and is trying again. So the grandparent post is right: this is the American way.
md_ 2y ago
Yeah, as the other reply here said, that's what I was referring to with "giving advice." As in, his rep seems (from my distant POV) to be about his acumen as a mentor, not investor. Maybe that's bullshit! Maybe he's just great at picking the right horses! And that's totally a talent on its own, and one deserving of a lot of respect. But it seems like his star was really made on the perception that he knows how to give good advice, which as I said above has a bit of a weird "those who can, do..." vibe to it.

ilrwbwrkhv 2y ago

Sam is incredibly smart and has always given great advice. And even though Loopt failed, it failed in the right way. This is America: failure is not a negative. What he has done with OpenAI is only the second time true disruption has happened in the last decade after SpaceX.

md_ 2y ago
He's clearly smart. I am not sure I get the "failed in the right way", though. From one point of view, I think it's a great story here that, given how much of a role is played by luck and external factors, someone who might have proven himself to have great instincts and intelligence can get ahead even if, due to external factors, his particular startup failed. But from another point of view, Sam is just an example of "those who can, do; those who can't...", only in this case it's "become hugely successful VCs and CEOs." Which is weird! But maybe the wrong interpretation. I don't know.
throwaway4220 2y ago
You’re being way too charitable. Anthropoic and Google are very close almost equivalent? Spacex is 5-10 yrs ahead of its competition
riehwvfbk 2y ago
Correction: what the authors of that Google Brain paper on attention did was the time disruption happened. Without them Sam produced a me-too checkin startup. It's so weird that the current frame of thinking is that CEOs are the ones who innovate.
- ilrwbwrkhv 2y ago
  I never said innovate. I specifically used the word disruption. As I said in another post if people only knew how hard it is to get all the pieces in place to create disruption, these founders would have more respect.
piuantiderp 2y ago
He's super smart, just too ambitiously political for many's, including mine, taste.

benreesman 2y ago

The Valley is now acknowledging a history of shady dealings that flew a number of acquisitions into mountains right after their founders flew away on golden wings, Loopt, Socialcam, and Twitch have entered the chat. Everyone who has ever slept with a YC founder has known this for more than 10 years, and there are still going to be holdouts? It’s over folks. It was fun while it lasted. Not.