It’s not a pyramid! It’s a triangle!
this post was submitted on 30 Mar 2026
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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It’s not a pyramid! It’s a triangle!
We know nothing as yet about what the joint ventures will do
...
“an undertaking of great advantage, but nobody to know what it is.”
Substack had the same message after their latest $100 million fundraising:
We’ll ~~buy yachts for the board of directors~~ invest in better tools, broader reach, and deeper support for the ~~Nazis and eugenicists~~ writers and creators driving Substack’s ecosystem
ChatGPT suggest a 100% rate of success.
Sounds like a pretty desperate move. One would think subscriptions would come organically.
It is a pity that we are not going to see a Bits about Money article on OpenAI since Patrick MacKenzie is Basilisk-curious.
If OpenAI goes public with a lot of preferred shares liability, smart money is going to be reluctant to buy.
Absolutely but MeeMaw read in the paper that OpenAI is the future of all work and jobs and they're gonna make $$$$$ so she's investiging her 401k (sorry I'm bri'ish so I don't know if that makes sense but the point I'm trying to make is that they will absolutely find bag holders in retail investors once they IPO)