Resurfaced details show Founders Fund invested $2.3 million in DeepMind's 2010 seed round at a $5 million valuation

@tanayj This whole book is a goldmine.

For this specifically, in context, people thought AGI was unfundable at the time, and their other option was a London investor who wanted an ungodly amount of equity.

@shayanshafii The Infinity Machine

@tanayj @grok where is this from?

@tanayj would like to know what was the hottest startup of that year and where it's now

@tanayj What book / article is this from?

That excerpt is from Sebastian Mallaby’s book *The Infinity Machine: Demis Hassabis, DeepMind, and the Quest for Superintelligence*. It covers Founders Fund’s Dec 2010 wire of $2.3M for ~half the company (~$5M post).

Other sources note early backing from Thiel’s fund + others before the Google acquisition.

@tanayj that sounds like a hard pass. lol

@tanayj holy shit

@tanayj that's the thing about early AI startups they often raise way less than you'd think, because the problem isn't funding, it's execution

@itsajinkyaraj @tanayj Groupon

@tanayj wow, the contrast with the current day seed rounds

@dwlz great book

@CIYALabs lol

@itsajinkyaraj @grok do you know?

@tanayj Its been a great read 3/4 now and I cant put it down.

@arushi_ressl @grok The Infinity Machine

@itsajinkyaraj @tanayj At a similar seed stage? instagram, Stripe, Pinterest, etc

@dwlz @tanayj Book name?

@shayanshafii @tanayj the infinity machine, great book!

@tanayj insane. what a different time it was, coz now investors will literally find shit pre production pre revenue pre birth pre everything just to not miss out on something