tompetry
Joined 12 years ago
Joined 12 years ago
Managers don't have this safety net; failures will be evaluated more critically and they probably aren't the types to win at all costs. So they are more focused on avoiding fatal mistakes that will lose them their jobs, but don't end up achieving as much on average.
In a sports analogy, founders play to win and managers play not to lose.
But it's a spectrum not black and white. Every founder has to delegate and every founder has to bring on great people to do the work and let them breathe. I think its about freely enabling bold projects while minimizing the fear and anxiety at all levels, and figuring out the decision making and execution structure that works the best.
So 40% of projects with more proven/experienced technologies fail? That's super high. Replace "AI" with any other project "type" in the root causes and sounds about right. So this feels more of a commentary on corporate "waste" in general than AI.
This is from the article. I would tend to agree with you.
I have raised 6 equity rounds as a founder of 2 companies. Never took a dime off the table, was never offered it, never asked for it. We actually did have early employees ask about it, and we encouraged them to not sell.
Why would you, especially at early stage valuations? You're either bad at math, or you know you're about to fail. And who is buying these secondary shares? I don't know a VC or angel who would "de-risk" an early founder like this; it's not aligned with their model. It also complicates QSBS status if I recall correctly.
But I would like to see how this is integrated into applications by third party developers where the AI is doing a specific job. Is it still as impressive?
The biggest challenge I've had with building any autonomous "agents" with generic LLM's is they are overly gullible and accommodating, requiring the need to revert back to legacy chatbot logic trees etc. to stay on task and perform a job. Also STT is rife with speaker interjections, leading to significant user frustrations and they just want to talk to a person. Hard to see if this is really solved yet.
My dad passed away a few months ago. Going through his things, I found all of his old papers and writings; they have great meaning to me. It would be so cool to have them as audio files, my dad as the narrator. And for shits, try it with a British accent.
This may not abate the concerns, but I'm sure good things will come too.
Bummer in any situation... the progress in this domain is truly exciting, and OpenAI was executing so well. This will slow things down considerably.