John Siracusa

So this is another example of, you know, stranglehold the platform owners have narrowing the possibility space for products, leaving the only possibility a terrible product like Humane's pin that never worked well and never had a chance.

So this is another example of, you know, stranglehold the platform owners have narrowing the possibility space for products, leaving the only possibility a terrible product like Humane's pin that never worked well and never had a chance.

It's Apple's fault that a successful product like this cannot be made by anybody.

It's Apple's fault that a successful product like this cannot be made by anybody.

was it was always going to be a voice thing it's just that you could imagine a device like this working with siri level of intelligence if it actually worked and had good integration and wasn't a terrible product uh that's a lot of ifs right right but what i'm saying like like they didn't need the llm revolution to um to conceive of this product because even just given pre-llm or current uh siri which is also kind of free llm you can imagine this product being

was it was always going to be a voice thing it's just that you could imagine a device like this working with siri level of intelligence if it actually worked and had good integration and wasn't a terrible product uh that's a lot of ifs right right but what i'm saying like like they didn't need the llm revolution to um to conceive of this product because even just given pre-llm or current uh siri which is also kind of free llm you can imagine this product being

workable. As anyone will tell you who does anything in the investing world, every product that was huge has people saying this is terrible and it's never going to work.

workable. As anyone will tell you who does anything in the investing world, every product that was huge has people saying this is terrible and it's never going to work.

So how do you distinguish between the ones that everyone says are terrible and never going to work and are terrible and are never going to work and the ones everyone says are terrible and are never going to work and turn out to be the next big thing? And that's the challenge of being an investor. And the way most investors work is

So how do you distinguish between the ones that everyone says are terrible and never going to work and are terrible and are never going to work and the ones everyone says are terrible and are never going to work and turn out to be the next big thing? And that's the challenge of being an investor. And the way most investors work is

well, we're just going to throw money everywhere and the 1% that it pays off will pay for all the losers. Humane is one of the losers. You always hear that. It's like, oh, we only need one unicorn to pay off and it makes up for all those other companies. But no one ever asked, well, what are those other companies? They're companies that fail. Most startups fail.

well, we're just going to throw money everywhere and the 1% that it pays off will pay for all the losers. Humane is one of the losers. You always hear that. It's like, oh, we only need one unicorn to pay off and it makes up for all those other companies. But no one ever asked, well, what are those other companies? They're companies that fail. Most startups fail.

Sometimes they fail after being given millions and millions of dollars. That's the reality of the thing. In the tech world, you think, oh, I just hear about the ones that succeed. I'll hear about who's going to be the next Uber or the next Airbnb or whatever. But behind that are hundreds of companies that fail. It just so happens that this one for a variety of reasons.

Sometimes they fail after being given millions and millions of dollars. That's the reality of the thing. In the tech world, you think, oh, I just hear about the ones that succeed. I'll hear about who's going to be the next Uber or the next Airbnb or whatever. But behind that are hundreds of companies that fail. It just so happens that this one for a variety of reasons.

dumb and non-dumb reasons had so much press despite you know everyone thinking it was going to fail and they got so much money behind them i mean it's not you know 230 million look at how much open ai is has raised so far so maybe we'll be talking about them if it turns out they really have no mode and all that money goes down the drain and uh and everyone else has uh lms that are just as good as what they do but

dumb and non-dumb reasons had so much press despite you know everyone thinking it was going to fail and they got so much money behind them i mean it's not you know 230 million look at how much open ai is has raised so far so maybe we'll be talking about them if it turns out they really have no mode and all that money goes down the drain and uh and everyone else has uh lms that are just as good as what they do but

Anyway, yeah, sometimes companies fail, and when they fail, it's not pretty, and people who bought their products don't end up getting their money's worth, but that's part of the risk. I would have bet good money that this product would fail before it was released, and definitely after it was released, everybody pretty much agreed, but it is true that even the really successful ones...

Anyway, yeah, sometimes companies fail, and when they fail, it's not pretty, and people who bought their products don't end up getting their money's worth, but that's part of the risk. I would have bet good money that this product would fail before it was released, and definitely after it was released, everybody pretty much agreed, but it is true that even the really successful ones...

Just if you described it to anyone, they would say that's never going to work. This is a stupid idea. Anyone who looks at this will tell you it's a stupid idea. I can't believe you're even thinking of doing this. And most of the time people are right. But one out of 100 or 1000 or whatever turns out to be, you know, a huge success. And that's what keeps the investment money going.

Just if you described it to anyone, they would say that's never going to work. This is a stupid idea. Anyone who looks at this will tell you it's a stupid idea. I can't believe you're even thinking of doing this. And most of the time people are right. But one out of 100 or 1000 or whatever turns out to be, you know, a huge success. And that's what keeps the investment money going.