Ex-OpenAI CTO's Stealth Startup Targets Record-Breaking $2B Seed Round https://t.co/ZkQ44iDhEe
If Mira succeeds in closing a $2B (!) seed it will be the largest ever- and a testament to the incredible value of top AI talent today. They're pre-product so most of their $10B valuation will be based on the value of their 2 dozen top AI researchers. https://t.co/xd226mbBzF
👇🏼 when there is $3T of VC, you need to write some big checks w/massive potential upside...or at least believe that - sign of the times. 🤯 $2B Inception round at $10B post - that's going to skew some of my data on round sizes at inception getting bigger 🤯 And A round at $32B https://t.co/rlBbiIW72i https://t.co/08i2eNBtM7
Mira Murati's startup, Thinking Labs, is reportedly on the verge of raising $2 billion, which would mark the largest seed round in history. The company is currently valued at $10 billion, with the potential for a significant increase if investors see a 100x return, aiming for a trillion-dollar valuation. This ambitious funding effort follows the trend of substantial venture capital investments, with a noted $3 trillion available in the market. Additionally, Ilya Sutskever's company, SSI, has already reached a valuation of $32 billion, highlighting the growing value placed on top AI talent. Both Murati and Sutskever previously worked at OpenAI and have yet to launch products from their respective startups, raising questions about the sustainability of their valuations based on talent alone.