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GPT-3:  An AI That Makes Cars, Not Wrenches And What It Means For The Legal Profession

YoungUpstarts

I suggest, however, that the attention might be warranted on its merits. It is designed to accept as input a string of text and from that input predict, from a statistical analysis of everything it has ingested, what text should come next. GPT-3 is getting the benefit of that spotlight. Because Not Every Problem Is A Nail.

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Who are the Major Revenue-Based Investing VCs?

David Teten

RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control. Key elements: . “We

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Revenue-Based Investing: A New Option for Founders who Care About Control

David Teten

John Borchers, Co-founder and Managing Partner of Decathlon Capital, claims to be the largest revenue-based financing investor in the US. That’s how we can offer competitive rates … with no prepayment penalties or warrants attached. RBI structures help to protect the equity of both founders and investors.

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Should You Co-Found Your Company With a Software Development Shop (2 of 2)?

David Teten

Should you co-found your company with a software development shop? I’ve talked with a number of software development shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. What are the terms of their relationship with the founder?

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15 Female Entrepreneurs Share What Changes They Would Most Like to See in Their Industry

Hearpreneur

Float.Design is a web design agency focused on beauty and lifestyle brands — while our fellow agencies are nearly all run by men, the beauty and lifestyle brands we work with are frequently lead by female entrepreneurs (so I know they’re out there!). Thanks to Virginie Carmichael, CityGirl’s Design. #10

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Lessons Learned: What does a startup CTO actually do?

Startup Lessons Learned

So what does CTO mean, besides just "technical founder who really cant manage anyone?" If youre trying to design an architecture to maximize agility, how can that work if some people are working in TDD and others not? Your CTO might be a great architect, evangelist, interface designer or incredible debugger. Great piece!

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Growing Your Audience (And Your Revenue) With A Book

Duct Tape Marketing

We were founded by a gentleman named Bob Young, who was the original co-founder of Red Hat, which is a massive software company. So that's the quick and dirty of our origin story is that, and Bob Young, by the way, is still the sole owner and founder of the company, and very much and involved in what we do on a day-to-day basis.