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yep. the word they use is probably 克制 or self-restraint. no need to raise so much cash if you can't use it. in his article he talks about the negative aspects
by choonway 2mo ago
yep. the word they use is probably 克制 or self-restraint. no need to raise so much cash if you can't use it.
in his article he talks about the negative aspects of getting everything you want. (all the money, brightest minds, biggest share in AI) etc. he says that these are the things that will cause a company to fail.
- andai 2mo agoI shouldn't win too hard, because then I'll lose?
- brookst 2mo agoYep. Classic “giant series A, company gets amazing office space” vibes.
- muvlon 2mo agoYes. Once you're in such a comfortable position that you'll keep making lots of cash regardless of whether you do well or not, there is little incentive to make good decisions, let alone take risks. This is known as the "curse of Oil" and is also what Intel's decline is attributed to.
- selimthegrim 2mo agoCatching up without overtaking
- Psyladine 2mo agoProblem of the local maxim, extreme dependency is the same as evolutionary pressure to specialize for it, eventually the process owns you.
- andai 2mo agoInteresting, could you elaborate please? What does dependency mean in this context? That you become over specialized for a niche?
- c7b 2mo agoSudden availability of capital and the perceived need to be seen doing something with it can be a curse. WeWork comes to mind, eg. Stay lean and mean until you actually need the capital. A company like DeepSeek will have zero issues raising anytime.
- lelanthran 2mo ago> I shouldn't win too hard, because then I'll lose? Yes. It's a known thing.
- lotsofpulp 2mo ago“Raising cash” isn’t necessarily “winning” since you have to give up equity/control, usually.
- DANmode 2mo agoRaising more money ≠ winning harder.
- antiford2049 2mo agois this similar to Meta starting to rent out own compute as they cant seem to do much with it and monetising it is much better ROI?...
- oliculipolicula 2mo agoSorry to barge in here. I couldn't find a good place to place https://github.com/demo-zexuan/liang-wenfeng-investor-meeting-2026-7-22/blob/15c6504be51b884a0adc5d77e4dba41f94431454/%E6%A2%81%E6%96%87%E9%94%8B%E6%8A%95%E8%B5%84%E8%80%85%E4%BA%A4%E6%B5%81%E4%BC%9A-%E6%96%87%E5%AD%97%E7%A8%BF_1_18_translate_20260723201651.pdf https://github.com/demo-zexuan/liang-wenfeng-investor-meetin... The current link is 404, can mods update to above, detach, make sticky? (No response from mods, understandable)
- fragmede 2mo agoemail hn@ycombinator.com
- deleted 2mo ago[deleted]
- dang 2mo agoI'm not sure I understand the question but I've replaced the top link (https://github.com/demo-zexuan/liang-wenfeng-investor-meeting-2026-7-22/blob/master/%E6%A2%81%E6%96%87%E9%94%8B%E6%8A%95%E8%B5%84%E8%80%85%E4%BA%A4%E6%B5%81%E4%BC%9A-%E6%96%87%E5%AD%97%E7%A8%BF_1_18_translate_20260723201651.pdf https://github.com/demo-zexuan/liang-wenfeng-investor-meetin...), which was 404ing, with the link in your comment here. Does that help?
- oliculipolicula 2mo agoYes, thank you! It's now dropped off the FrontPage but I suppose I will just repost at some point with a less controversial title
- DoctorOetker 2mo agoUnless they have a shortage of mathematicians, physicists, ... it seems a fundraiser could help bypass a compute gap by focusing even more on inference and training efficiency.
- koverstreet 2mo agoThe maturity of leadership in China seems to be on a whole different level from the U.S. Lots of companies in the U.S. have fallen victim to that syndrome, but if you used the word "restraint" in that context in Silicon Valley most people would look at you like you're insane.