> Presumably "planning" here is covered by any LLM that can do "think step by step" reasonably well?
mild disagree. 1) externalizing the plan and letting the user audit/edit the plan while its working is "tool use", yes, but a very specialcase kind of tool use that, for example, operator and deep research use Temporal for. ofc we also saw this with Devin/Manus and i kinda think they're better 2) there is a form of primitive tree search that people are doing where they can spam out several different paths and run it a few steps ahead to gain information about optimal planning. You will see this with morph's launch at AIE. 3) plan meta reflection and reuse - again a form of tool use, but the devin and allhands folks have worked on this a lot more than most.
my criticism of many agent definitions is that they generally do not take memory, planning, and auth seriously enough, and i think those 3 areas are my current bets for "alpha" in 2025.
> I haven't seen a definition that specifically encompasses both short- and long-term memory before.
If she’s rich and married a successful tech founder, I don’t understand why she didn’t get a lawyer to draft these investment papers to keep herself from getting fleeced. Like the amount she was dropping could probably have been recouped from a buyout without much fuss if the contracts were a bit more assertive.
As an angel, you do not get to set weird terms for your 10k check. The startup is raising on standard paper (these days almost always a SAFE) and you take them.
But no terms are going to save you from the reality that a failing startup that needs to raise more money will have to accept dilutive terms. You might be able to restrict it, but the alternative is that they can’t raise at all and shut down.
too blithe. range of outcomes between failed and IPO.
TFA identified a few exits that should have returned some money that did not. ensuring protection of minority shareholder rights so that this doesn't happen is an important "plug leaks in your game" hygiene
Most exits in that range are where the exit is less than the capital raised, or a little more but where the last round raised was questionable and was done on terms that the minority shareholders may complain about but where they didn't have any other option - they were hosed no matter what.
I've seen hundreds of them. And it has little to do with size of position, it's where you sit in the preference stack. Anyone who thinks that early round investors should get a pay out on an exit no matter what just doesn't understand pretty basic finance.
> Four others that raised money but with painful recapitalizations that effectively wiped out early shareholders. That last bullet was the nail in the coffin for me. For new investors to come in and wipe out early investors just because the market was in their favor was painful. It felt like opportunistic resets that enriched later investors at the expense of early supporters (not to mention early employees).
what? how does this happen exactly? i'm not aware of the normal mechanisms. are there not minority shareholder protections?
1. eyerolls and judgment can be a trap in that it makes you feel superior without actually having walked their walk and having skin in the game. value of a player >> value of a critic. they're in the arena doing their thing. if you're so good, show it in your own work before passing judgment on others.
2. it may not just be VC. if it works on "cringe" boomers or Fortune 500 execs to get their attention and money, then they truly do not have to give a flying fck about how much your eyes roll while they laugh their way to the bank. VC is in its ideal form an effect, not a cause.
> Our hosting bill grew from $30 in April to $142 by June, $354 in August. Hardcover was growing, but 10x cost increase in a few months was too much.
without ANY irony or sarcasm, i just want appreciate that its funny how that happens completely without explicit desire or intention to have this effect from the developers of Next (i'm serious, don't hate me guys, we are friends, i do believe that this ofc is not intended)
i'm sure there's a good and meaningful explanation (that I'm interested in reading) but lots of little microdecisions compound when the developer of the framework does not also experience it as a paying customer (or, more subtly, the developer of the framework wants to serve the 10000x larger enterprise customer and needs to make choices to balance that vs the needs of the small)
Another huge time sink is rotoscoping, e.g. in my video I rotoscope the legs of the piano bench and its a cool effect but it took almost an hour for those few seconds. AI has come far here, but afaik there's no great, free workflow yet. Would love to Docker compose something on my computer, open a webapp, drag my clip in and export segmented videos.
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