tom <> angie|bayesSD

    8:00PM Oct 16, 2024

    Speakers:

    Tom Fiddaman

    Keywords:

    interesting, again, because the chat GPT is raised, a couple of additional issues that I um, that aren't really in the model, but maybe should be like see here, especially is, do you spend Fast to progress rapidly, or do you try to extend your time horizon. So the implicit question there, at least for me, is, if you're trying to conserve cash to have a longer runway, what does having a longer runway. Get you you know, if you're going to crash and burn anyway, you might as well do it right away. So what's, I think there's an underlying trade off there that isn't quite captured by this, that's pretty interesting. So one end of it is, if you spend money really, really fast, you're probably making stupid decisions, or, you know, not managing that money well, you're, you're so you're, your burn rate is literally burning money, not using money intelligently. But there's got to be some, you know, if you go the other direction and try to extend the runway for years and years and years, then fixed costs kill you.