Ex-Meta CTO Says It's a Great Time to Build a Hard Tech Company(news.crunchbase.com)
news.crunchbase.com
Ex-Meta CTO Says It's a Great Time to Build a Hard Tech Company
https://news.crunchbase.com/venture/hard-tech-infrastructure-moat-schroepfer-gigascale/
5 comments
Cool - with what money
This is kind of how I feel about any business. Any new initiative requires an IMMENSE amount of capital. If not to build the product, then to buy the exposure.
Yup, seems to be exactly the point.
Hard tech requires a lot of capital — money. He has the money. You and I don't have the money. So he won't find you or I competing with him. There's his moat.
If it just required clever use of AI to make a great company, that'd work. But you or I can also access the AI. And, just maybe, one of us finds a way to be a bit more clever than he is. Oops, there goes his moat...
Hard tech requires a lot of capital — money. He has the money. You and I don't have the money. So he won't find you or I competing with him. There's his moat.
If it just required clever use of AI to make a great company, that'd work. But you or I can also access the AI. And, just maybe, one of us finds a way to be a bit more clever than he is. Oops, there goes his moat...
Because as we all know, every start up is funded entirely by pre-existing personal savings, no other sources of funding for businesses exist.
Thanks for checking in, Captain Obvious! OF COURSE there are other sources of funding.
The point is if you have access to far greater scales of VC funds than most of us do, then build hard tech companies, not software, so you build a moat. You might note his company is named "Gigascale Capital"
So, sure, if YOU or I can access that capital, fine — availability is still scarce compared to access to AI to develop software, and you should build hard tech not software.
The point is if you have access to far greater scales of VC funds than most of us do, then build hard tech companies, not software, so you build a moat. You might note his company is named "Gigascale Capital"
So, sure, if YOU or I can access that capital, fine — availability is still scarce compared to access to AI to develop software, and you should build hard tech not software.