Bill Maris

So now let's look at the entrepreneur side.

So now let's look at the entrepreneur side.

I am researcher X from OpenAI.

I am researcher X from OpenAI.

I'm going to start a company.

I'm going to start a company.

Bill says, I'll give you $20 million at $100 million valuation.

Bill says, I'll give you $20 million at $100 million valuation.

I want to buy 20% of your company.

I want to buy 20% of your company.

Giant Fund Y, we're friends, it's a different model, but Giant Fund Y says, well, we have this giant fund, we need to put 250 million in.

Giant Fund Y, we're friends, it's a different model, but Giant Fund Y says, well, we have this giant fund, we need to put 250 million in.

And then an entrepreneur says, well, my company's valuation is 100.

And then an entrepreneur says, well, my company's valuation is 100.

No, your valuation is now four billion, and we'll give you 250 million for a percent of your company.

No, your valuation is now four billion, and we'll give you 250 million for a percent of your company.

They're going to take that deal every day.

They're going to take that deal every day.

Unless you're a seasoned entrepreneur who has kind of been down the road and knows the pitfalls of that.

Unless you're a seasoned entrepreneur who has kind of been down the road and knows the pitfalls of that.