On Jun 11, 2005, at 5:54 PM, Danny G. Goe wrote:
What is the estimated cost of Seed AI?
How do you want to define "cost"? Initial capital investment? Total
capital outlay at some arbitrary point in time? The parameters for
"cost" are not simple even for a vanilla startup.
If a someone actually knows what they are doing to the extent that they
can guarantee interesting results at the time of funding i.e. not
chasing yet another random hypothesis, the cost for "seed AI" should
not be more than on the order of USD$5 million in my opinion. If it
costs more than that, then one does not understand the problem as well
as one thinks they do. Most AI ventures can't raise money because most
AI ventures, in short, are weak and simply suck.
And if you can't raise $5M, there is something wrong with either the
person/people or the idea as presented. Even in the darkest days of
the bust, a really solid idea could *still* raise a million or two. A
late-stage project (the only type that should be funded) could do just
fine on a couple million, since it would be outcome directed spending.
By venture capital standards, the total capital requirements are
paltry, even for my own startup. (I still marvel at how software
companies manage to blow through tens of millions of dollars with
nothing to show for it -- nothing in the software world requires that
much implementation capital if you know what you are doing.)
cheers,
j. andrew rogers
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