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An early investor reportedly warned Mercor to avoid the data market in 2024
Mercor cofounder Brendan Foody says following the warning would have meant foregoing tens of billions of dollars in value.
TLDR
Mercor cofounder Brendan Foody says an early investor visited its office in 2024 and warned the team to avoid the data market. Foody argues they would have foregone tens of billions of dollars in value had they listened, and says VC advice often reflects market consensus. Quoting his account, another writer makes a broader case for questioning assumptions, studying real problems and testing unconventional ideas.
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