https://www.theinformation.com/articles/tiktoks-owner-bytedance-generated-nearly-7-billion-in-cash-in-first-quarter?rc=ocojsj
ByteDance(틱톡), 1분기에 9.2조원($6.8B) 가까운 현금을 벌어들임 (theinformation.com)
2P by xguru 1시간전 | favorite | 댓글과 토론
2023년 1분기 매출은 34% 상승한 33조원($24.5B)으로, 2022년 1분기 38% 성장보다는 느려짐
하지만 9.2조원의 영업 현금을 창출하여 전년 동기의 7.8조원보다 개선 됨
매출면에서는 1분기에 38조원이었던 Meta(페이스북)에 가까워 지고 있음
바이트댄스는 자본 지출 내역을 공개하지 않기 때문에 FCF(잉여 현금 흐름)에 대해서는 비교는 불가
Meta는 1분기에 FCF에서 9.7조원($7.2B)를 만들어 냄
바이트댄스의 현금 보유액은 2022년말 $22.3B에서 3/31기준 $30.4B로 증가
TikTok을 소유하고 있지만, 대부분의 수익은 중국내에서 서비스하는 같은 서비스 Dǒuyīn에서 내고 있음(국제판인 틱톡과는 분리된 서비스임)
현재 추정 가치 약 300조원($223B)으로 세계 최대의 비상장 기업중 하나
ByteDance(틱톡), 1분기에 9.2조원($6.8B) 가까운 현금을 벌어들임 (theinformation.com)
2P by xguru 1시간전 | favorite | 댓글과 토론
2023년 1분기 매출은 34% 상승한 33조원($24.5B)으로, 2022년 1분기 38% 성장보다는 느려짐
하지만 9.2조원의 영업 현금을 창출하여 전년 동기의 7.8조원보다 개선 됨
매출면에서는 1분기에 38조원이었던 Meta(페이스북)에 가까워 지고 있음
바이트댄스는 자본 지출 내역을 공개하지 않기 때문에 FCF(잉여 현금 흐름)에 대해서는 비교는 불가
Meta는 1분기에 FCF에서 9.7조원($7.2B)를 만들어 냄
바이트댄스의 현금 보유액은 2022년말 $22.3B에서 3/31기준 $30.4B로 증가
TikTok을 소유하고 있지만, 대부분의 수익은 중국내에서 서비스하는 같은 서비스 Dǒuyīn에서 내고 있음(국제판인 틱톡과는 분리된 서비스임)
현재 추정 가치 약 300조원($223B)으로 세계 최대의 비상장 기업중 하나
The Information
TikTok’s Owner Generated Nearly $7 Billion in Cash From Operations in First Quarter
The cash machine of TikTok’s owner is getting bigger. ByteDance’s revenue rose 34% to $24.5 billion in the first quarter of 2023, a slight slowdown from its 38% revenue growth in the 2022 calendar year, according to detailed financial results viewed by The…
천위페이 선수를 만나 예선 탈락한 후, 3년간 하루도 안 빠지고 훈련을 했는데 다시 만난 천위페이 선수에게 지니까 벽을 만난 느낌이었어요. (…) 한 번도 못이길 선수라고 생각했어요. (…) (이긴 후,) 안될 것 같지만 계속하면 돼요.
#유퀴즈 / 창피했던 순간을 발판으로 삼아 무적이 된 안세영 선수
#유퀴즈 / 창피했던 순간을 발판으로 삼아 무적이 된 안세영 선수
1. Find a simple idea and take it seriously.
2. Good ideas are rare. When you find one bet heavily.
3. Humans have been writing down their best ideas for 5,000 years. Read them.
4. Avoiding stupid mistakes is more important than being smart.
5. Don’t work with anyone you don’t admire.
6. Don’t sell anything you wouldn’t buy.
7. Avoiding a bad habit is easier than breaking a bad habit.
8. Work on your best idea. Don't diversify
9. Incentives rule everything around you.
10. Never, ever, think about something else when you should be thinking about the power of incentives.
11. The most important rule in management is: Get the incentives right.
12. The storyteller is the most powerful person in the world.
13. Education is the process whereby the ability to lead a good life is acquired.
14. Be dependable for your tribe.
15. Trust is one of the greatest economic forces on Earth.
16. Don’t over optimize for growth at the expense of durability.
17. Great businesses are built by going ridiculously far in maximizing or minimizing one or a few things. Think Costco.
18. The combination of scale and fanaticism is *very* powerful. Think Sam Walton.
19. Do the unpleasant task first.
20. Don’t multitask.
21. Learning is changing behavior.
22. Avoiding stupidity for a long time *is* genius.
23. Many hard problems are solved best when approached backwards.
24. Think of ideas as tools. When a better tool comes along use it.
25. Clip your business and personal expenses. Small leaks sink big ships.
26. Make friends with smart dead people. Adam Smith, Darwin, Cicero, Ben Franklin —whoever interests you. Read their writing. Steal their ideas. They don’t need them anymore.
27. Only focus on great businesses and great businesses have moats.
28. Dominating a niche can produce profit margins that make you salivate.
29. Telling people WHY increases compliance.
30. Stay in the game long enough to get lucky.
31. Stack cash to survive unexpected problems and seize unexpected opportunities.
32. Don't confuse intelligence with invincibility.
33. Panic spreads and compounds quickly.
34. If you’re not winning —scale down and intensify.
35. Appeal to interest, not to reason.
36. Understanding opportunity cost is a superpower.
37. Don’t confuse the map for the territory.
38. People often interpret price as a signal for quality.
39. All human systems are gamed.
40. Beating back bureaucracy is a never ending battle.
41. The acquisition of knowledge is a moral duty.
42. Learning from history is a form of leverage.
43. Make sure your best players get the most playing time.
44. It is inevitable that bad things will happen to you. When they do get up, keep going, and remember the next maxim:
45. Self pity has no utility.
46. Find out what you are best at. Then pound away at it. Forever.
47. Envy is weakness.
48. The behavior of peer companies will be mindlessly imitated.
49. Emotion blurs judgement.
50. Only play games where you have an edge.
51. Avoid mob rule. Avoid demagogues. Avoid dogma. Avoid bureaucracy.
52. Optimize for independence.
53. Use money to buy freedom.
54. Aim for durability.
55. Keep the people who don’t matter from interfering with the work of the people who do.
56. What do you have an *intense* interest in? Do that for your living.
57. Self improvement has no end.
2. Good ideas are rare. When you find one bet heavily.
3. Humans have been writing down their best ideas for 5,000 years. Read them.
4. Avoiding stupid mistakes is more important than being smart.
5. Don’t work with anyone you don’t admire.
6. Don’t sell anything you wouldn’t buy.
7. Avoiding a bad habit is easier than breaking a bad habit.
8. Work on your best idea. Don't diversify
9. Incentives rule everything around you.
10. Never, ever, think about something else when you should be thinking about the power of incentives.
11. The most important rule in management is: Get the incentives right.
12. The storyteller is the most powerful person in the world.
13. Education is the process whereby the ability to lead a good life is acquired.
14. Be dependable for your tribe.
15. Trust is one of the greatest economic forces on Earth.
16. Don’t over optimize for growth at the expense of durability.
17. Great businesses are built by going ridiculously far in maximizing or minimizing one or a few things. Think Costco.
18. The combination of scale and fanaticism is *very* powerful. Think Sam Walton.
19. Do the unpleasant task first.
20. Don’t multitask.
21. Learning is changing behavior.
22. Avoiding stupidity for a long time *is* genius.
23. Many hard problems are solved best when approached backwards.
24. Think of ideas as tools. When a better tool comes along use it.
25. Clip your business and personal expenses. Small leaks sink big ships.
26. Make friends with smart dead people. Adam Smith, Darwin, Cicero, Ben Franklin —whoever interests you. Read their writing. Steal their ideas. They don’t need them anymore.
27. Only focus on great businesses and great businesses have moats.
28. Dominating a niche can produce profit margins that make you salivate.
29. Telling people WHY increases compliance.
30. Stay in the game long enough to get lucky.
31. Stack cash to survive unexpected problems and seize unexpected opportunities.
32. Don't confuse intelligence with invincibility.
33. Panic spreads and compounds quickly.
34. If you’re not winning —scale down and intensify.
35. Appeal to interest, not to reason.
36. Understanding opportunity cost is a superpower.
37. Don’t confuse the map for the territory.
38. People often interpret price as a signal for quality.
39. All human systems are gamed.
40. Beating back bureaucracy is a never ending battle.
41. The acquisition of knowledge is a moral duty.
42. Learning from history is a form of leverage.
43. Make sure your best players get the most playing time.
44. It is inevitable that bad things will happen to you. When they do get up, keep going, and remember the next maxim:
45. Self pity has no utility.
46. Find out what you are best at. Then pound away at it. Forever.
47. Envy is weakness.
48. The behavior of peer companies will be mindlessly imitated.
49. Emotion blurs judgement.
50. Only play games where you have an edge.
51. Avoid mob rule. Avoid demagogues. Avoid dogma. Avoid bureaucracy.
52. Optimize for independence.
53. Use money to buy freedom.
54. Aim for durability.
55. Keep the people who don’t matter from interfering with the work of the people who do.
56. What do you have an *intense* interest in? Do that for your living.
57. Self improvement has no end.
❤4
<#백문일견-2023> #하바드리포트 43
- 칩워의 저자 크리스 밀러와의 대화
- “미중갈등으로 한국 Squeeze 되었다”
- “중국에 있는 D램 시설이 중국정부에 인질로 잡혀있다. ”
- 반도체 중국반입 장비 유예조치는 더 연장될듯. 단 내년 트럼프가 승리하면 더 심한 규재조치 들어설듯.
- “한국정부,기업. 백악관은 물론 의회설득 노력 좀 더 기울여야.
9월초 하바드 반도체 심포지엄에서 베스트셀러 ”칩워“의 저자 크리스 밀러를 만났다. 그는 1세션 사회자로 참석했었다. 명함을 교환하고 며칠지나서 그에게서 이메일이 왔다. 반도체와 관련하여 인사이트 있는 얘기를 나누고 싶다는 내용이었다.
하바드스퀘어 근처 식당에서 만나 1시간 반 가량 얘기를 나누었다. 그는 생각보다 젊었다. 이제 막 마흔을 넘긴 촉망받는 Tuffs대학 로스쿨에서 역사학을 가르치는 교수다.
책 ”칩워“ 는 7년 걸려서 쓰여졌다. 러시아사를 전공한 역사학자인 그가 초반에 반도체산업을 이해하는데 시간이 많이 소요됐다는 설명이다.
“반도체가 경제적으로 군사적으로 매우 중요한데 동아시아 국가들은 반도체를 매우 중요하게 생각하는 반면 미국인들은 기술을 생각할때 소프트웨어는 매우 중요하게 생각하면서도 반도체는 그렇게 생각하지 않아 책을 쓰게 됐다.”고 그 동기를 설명했다.
최근 미중갈등으로 한국이 어떻게 상황을 느끼고 있는지 크리스 밀러는 우선 그것이 제일 궁금했다.
“매우 힘들다”
고 답변했더니 크리스 밀러는
“한국이 미국과 중국사이에서 Squeeze 되었다”는 표현을 썼다. 또한 “중국에 있는 D램 시설이 중국정부에 인질로 잡혀있다.”고 했다.
“D램 시설이 중국에 인질로 잡혀있다”는 표현이 내 뇌리를 쳤다.
이는 2020년 SK하이닉스의 미국 인텔 다렌 공장인수가 실패 였다는 것을 표현하는 우회적 표현인 것으로 해석된다.
크리스 밀러는 삼성과 SK하이닉스가 목매고 있는 중국반도체 공장 장비반입 유예조치와 관련해서는 “더 연장해 줄 것” 이라고 봤다.
그러나 “내년 대선에서 만약 트럼프가 승리한다면 더 제한적이고 더 엄격한 규제가 시행될 것”이라고 전망했다.
크리스 밀러는 “한국정부와 기업이 백악관은 물론 미 의회를 설득하는데 더 많은 노력을 기울여야 할것 같다”고 조언했다.
그는 이달말 1박 2일 체류 일정으로 한국을 방문한다.
- 칩워의 저자 크리스 밀러와의 대화
- “미중갈등으로 한국 Squeeze 되었다”
- “중국에 있는 D램 시설이 중국정부에 인질로 잡혀있다. ”
- 반도체 중국반입 장비 유예조치는 더 연장될듯. 단 내년 트럼프가 승리하면 더 심한 규재조치 들어설듯.
- “한국정부,기업. 백악관은 물론 의회설득 노력 좀 더 기울여야.
9월초 하바드 반도체 심포지엄에서 베스트셀러 ”칩워“의 저자 크리스 밀러를 만났다. 그는 1세션 사회자로 참석했었다. 명함을 교환하고 며칠지나서 그에게서 이메일이 왔다. 반도체와 관련하여 인사이트 있는 얘기를 나누고 싶다는 내용이었다.
하바드스퀘어 근처 식당에서 만나 1시간 반 가량 얘기를 나누었다. 그는 생각보다 젊었다. 이제 막 마흔을 넘긴 촉망받는 Tuffs대학 로스쿨에서 역사학을 가르치는 교수다.
책 ”칩워“ 는 7년 걸려서 쓰여졌다. 러시아사를 전공한 역사학자인 그가 초반에 반도체산업을 이해하는데 시간이 많이 소요됐다는 설명이다.
“반도체가 경제적으로 군사적으로 매우 중요한데 동아시아 국가들은 반도체를 매우 중요하게 생각하는 반면 미국인들은 기술을 생각할때 소프트웨어는 매우 중요하게 생각하면서도 반도체는 그렇게 생각하지 않아 책을 쓰게 됐다.”고 그 동기를 설명했다.
최근 미중갈등으로 한국이 어떻게 상황을 느끼고 있는지 크리스 밀러는 우선 그것이 제일 궁금했다.
“매우 힘들다”
고 답변했더니 크리스 밀러는
“한국이 미국과 중국사이에서 Squeeze 되었다”는 표현을 썼다. 또한 “중국에 있는 D램 시설이 중국정부에 인질로 잡혀있다.”고 했다.
“D램 시설이 중국에 인질로 잡혀있다”는 표현이 내 뇌리를 쳤다.
이는 2020년 SK하이닉스의 미국 인텔 다렌 공장인수가 실패 였다는 것을 표현하는 우회적 표현인 것으로 해석된다.
크리스 밀러는 삼성과 SK하이닉스가 목매고 있는 중국반도체 공장 장비반입 유예조치와 관련해서는 “더 연장해 줄 것” 이라고 봤다.
그러나 “내년 대선에서 만약 트럼프가 승리한다면 더 제한적이고 더 엄격한 규제가 시행될 것”이라고 전망했다.
크리스 밀러는 “한국정부와 기업이 백악관은 물론 미 의회를 설득하는데 더 많은 노력을 기울여야 할것 같다”고 조언했다.
그는 이달말 1박 2일 체류 일정으로 한국을 방문한다.
Power of social capital, https://www.ppomppu.co.kr/zboard/view.php?id=freeboard&no=8499345
Interested in pivoting your career into AI/ML research? The OpenAI Residency is designed to help bridge the knowledge gap for exceptional researchers and engineers working in adjacent fields like math, physics, and neuroscience. Accepting applications now:
Think before you speak: Training Language Models With Pause Tokens
- Performing training and inference on LMs with a learnable pause token appended to the input prefix
- Gains on 8 tasks, e,g, +18% on SQuAD
https://arxiv.org/abs/2310.02226
- Performing training and inference on LMs with a learnable pause token appended to the input prefix
- Gains on 8 tasks, e,g, +18% on SQuAD
https://arxiv.org/abs/2310.02226
arXiv.org
Think before you speak: Training Language Models With Pause Tokens
Language models generate responses by producing a series of tokens in immediate succession: the $(K+1)^{th}$ token is an outcome of manipulating $K$ hidden vectors per layer, one vector per...
This startup wants to overcome Open AI ⏳
They raised $113M within 4 weeks of incorporation.
It's called Mistral.
https://twitter.com/chiefaioffice/status/1709312211993104757
They raised $113M within 4 weeks of incorporation.
It's called Mistral.
https://twitter.com/chiefaioffice/status/1709312211993104757
X (formerly Twitter)
Chief AI Officer (@chiefaioffice) on X
This startup wants to overcome Open AI ⏳
They raised $113M within 4 weeks of incorporation.
It's called Mistral.
- Founded by former members of Google's DeepMind and Meta
Here's their pitch deck (yes, its a doc)
> 7 pages
They raised $113M within 4 weeks of incorporation.
It's called Mistral.
- Founded by former members of Google's DeepMind and Meta
Here's their pitch deck (yes, its a doc)
> 7 pages
Thrilled to announce this today - GenerativeAI has massive potential to drive transformation for commerce (both B2B and B2C), payments, and fintech and Visa is at the forefront!
https://www.businesswire.com/news/home/20231002039600/en/Visa-Launches-100-million-Generative-AI-Ventures-Initiative#:~:text=SAN%20FRANCISCO%2D%2D(BUSINESS%20WIRE,future%20of%20commerce%20and%20payments
https://www.businesswire.com/news/home/20231002039600/en/Visa-Launches-100-million-Generative-AI-Ventures-Initiative#:~:text=SAN%20FRANCISCO%2D%2D(BUSINESS%20WIRE,future%20of%20commerce%20and%20payments
BusinessWire
Visa Launches $100 million Generative AI Ventures Initiative
Visa (NYSE: V), a global leader in payments, today announced a new $100 million generative AI ventures initiative to invest in the next generation of
Two updates at
@GreylockVC
1. A new $1bn fund focused on early stage
2. Greylock Edge, a company building program built for exceptional founders to navigate from idea to product market fit
Exceptional talent doesn't need or want an incubator.
They want customers.
And a path to building a category defining company.
We're launching a highly selective program that opens up Greylock's resources to initiate companies
No investment required
@GreylockVC
1. A new $1bn fund focused on early stage
2. Greylock Edge, a company building program built for exceptional founders to navigate from idea to product market fit
Exceptional talent doesn't need or want an incubator.
They want customers.
And a path to building a category defining company.
We're launching a highly selective program that opens up Greylock's resources to initiate companies
No investment required
Spent two hours with Marc Andreessen, who gave me a masterclass on how to think, learn, read, research, and write.
Here's what I learned:
1. Read, read, read... then read some more.
2. Many of your best ideas will emerge in fits of rage or frustration. Channel the fury. Smash the keyboard. Lean into the passion. Torch the page with your energy.
3. Marc doesn't have much of a formal writing process. He thinks and thinks, and when epiphany strikes, he hammers out an outline as fast as possible to get his ideas on paper. Then, he turns it into a full article.
4. Marc's motto for writing and thinking: "Strong views, weakly held." Put yourself out there, but stay on the hunt for dissenting opinions from smart and respectful people.
5. Online writing tolerates and even encourages stylistic idiosyncrasies that traditional publishing would not accommodate. Lean into them.
6. The world is awash in bad content. You need to punch through. Snappy one-liners and genuine conviction are two ways to do that.
7. Marc's been reading online for as long as anybody on the planet, and the biggest thing that's surprised him is how political the Internet's become. Something changed between ~2013-2015. The Internet was once an escape from political debates. Now it's a hotbed of them.
8. Writing software is halfway between writing a novel and building a bridge.
9. Play around with communication tools. Push the limits. Doesn't matter what the rules are. When Marc felt constrained by Twitter's 140-character limit, he started replying to his own tweets and invented the Twitter thread.
10. On the quest for good ideas, surround yourself with "lateral thinkers" who can't help but come up with variant perspectives on everything they see. They won't always be right, but they're always challenge your thinking.
11. Media formats are cyclical. Nietzsche wrote in aphorisms and Twitter is aphorisms-as-a-service. Hip-hop brought back poetry. Montaigne pioneered the essay format and blogs brought them back into vogue.
12. People should write more manifestos.
13. Marc's nomination for the best living American novelist: James Ellroy.
14. GPT has revealed how much writing is pure pablum. Bland, lifeless, uninsightful, unoffensive, and not worth the price of the ink it was printed with.
15. "With GPT, every writer now has a writing partner who can do an infinite amount of grunt work without complaining."
16. "ChatGPT plagiarism is a complete non-issue. If you can't out-write a machine, what are you doing writing?"
17. Marc writes from the heart. He doesn't do much editing and likes to provide reading recommendations instead of directly citing his sources.
18. The person who writes down the plan in an organization has tremendous power. If you want to find the up-and-comers at a tech company, look into who's writing the plan. Though they may not be coming up with all the ideas, you'll know they have the energy, motivation, and skills to organize and communicate ideas in a written form.
19. Marc uses a barbell approach to consume information. He focuses on what's happening right now while also reading a lot of things that were written 10+ years ago. The content is either timely or timeless, with almost nothing in between.
Here's what I learned:
1. Read, read, read... then read some more.
2. Many of your best ideas will emerge in fits of rage or frustration. Channel the fury. Smash the keyboard. Lean into the passion. Torch the page with your energy.
3. Marc doesn't have much of a formal writing process. He thinks and thinks, and when epiphany strikes, he hammers out an outline as fast as possible to get his ideas on paper. Then, he turns it into a full article.
4. Marc's motto for writing and thinking: "Strong views, weakly held." Put yourself out there, but stay on the hunt for dissenting opinions from smart and respectful people.
5. Online writing tolerates and even encourages stylistic idiosyncrasies that traditional publishing would not accommodate. Lean into them.
6. The world is awash in bad content. You need to punch through. Snappy one-liners and genuine conviction are two ways to do that.
7. Marc's been reading online for as long as anybody on the planet, and the biggest thing that's surprised him is how political the Internet's become. Something changed between ~2013-2015. The Internet was once an escape from political debates. Now it's a hotbed of them.
8. Writing software is halfway between writing a novel and building a bridge.
9. Play around with communication tools. Push the limits. Doesn't matter what the rules are. When Marc felt constrained by Twitter's 140-character limit, he started replying to his own tweets and invented the Twitter thread.
10. On the quest for good ideas, surround yourself with "lateral thinkers" who can't help but come up with variant perspectives on everything they see. They won't always be right, but they're always challenge your thinking.
11. Media formats are cyclical. Nietzsche wrote in aphorisms and Twitter is aphorisms-as-a-service. Hip-hop brought back poetry. Montaigne pioneered the essay format and blogs brought them back into vogue.
12. People should write more manifestos.
13. Marc's nomination for the best living American novelist: James Ellroy.
14. GPT has revealed how much writing is pure pablum. Bland, lifeless, uninsightful, unoffensive, and not worth the price of the ink it was printed with.
15. "With GPT, every writer now has a writing partner who can do an infinite amount of grunt work without complaining."
16. "ChatGPT plagiarism is a complete non-issue. If you can't out-write a machine, what are you doing writing?"
17. Marc writes from the heart. He doesn't do much editing and likes to provide reading recommendations instead of directly citing his sources.
18. The person who writes down the plan in an organization has tremendous power. If you want to find the up-and-comers at a tech company, look into who's writing the plan. Though they may not be coming up with all the ideas, you'll know they have the energy, motivation, and skills to organize and communicate ideas in a written form.
19. Marc uses a barbell approach to consume information. He focuses on what's happening right now while also reading a lot of things that were written 10+ years ago. The content is either timely or timeless, with almost nothing in between.
Q: How can a startup build a great recruiting pipeline?
In the clip below, Naval Ravikant explains:
"You have to build a great pipeline. Your best pipeline is going to come from your personal contacts. You literally have to sit everyone at your company down and tell them to name the 10 best people they've ever worked with or gone to school with. I don't care what they're doing now. I don't care if they're getting their PhD. I don't care if they're starting their own company. I don't care if they just joined Google a month ago."
He continues:
"You get those 10 best people and then you just pound the pavement. You have lunch, coffee, breakfast, dinner, whatever with each of them. Even if they're not available for recruiting, they're going to give you a few people. Demand three people from them. And keep in touch because when they become loose, you want them thinking of you."
He also mentions that other companies in your space could also be a great source of talent, in addition to founders of companies that have tried to build something similar to you but failed.
In the clip below, Naval Ravikant explains:
"You have to build a great pipeline. Your best pipeline is going to come from your personal contacts. You literally have to sit everyone at your company down and tell them to name the 10 best people they've ever worked with or gone to school with. I don't care what they're doing now. I don't care if they're getting their PhD. I don't care if they're starting their own company. I don't care if they just joined Google a month ago."
He continues:
"You get those 10 best people and then you just pound the pavement. You have lunch, coffee, breakfast, dinner, whatever with each of them. Even if they're not available for recruiting, they're going to give you a few people. Demand three people from them. And keep in touch because when they become loose, you want them thinking of you."
He also mentions that other companies in your space could also be a great source of talent, in addition to founders of companies that have tried to build something similar to you but failed.
초기 투자 집중하는 펀드에서 받은 내용중 일부...
Software multiples have come down a bit in the past quarter to a median of 5.4x forward revenue, with 8x for the top quartile.
(ImageSource: BVP Cloud Index as of 10/3/23) 즉...소프트웨어 회사들 기업가치는 미래 12개월 매출의 5.4배... 아주 톱 회사들은 8배 정도로 내려왔다. 얼마전 100X 이상까지 올라가던 시절은 잊는게 좋다.
2021년 Q4부터 투자는 계속 줄고 있다. 지난분기 (Q3, 2024) 에는 $73B 이 투자되었는데 그것은 Q4 2019 이후 제일 낮은 금액이였고 또 10,095 회사가 투자 받았는데 Q3 2020 년 이후 제일 낮았다.
시드에서 Series A 받는게 무지 어려워졌다. 이젠 A 라운드 받으려면 약 월매출 5천만원 이상 넘으면서 이익을 내기 시작하던지... 가까워야된다.
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이게 지금 미국 초기 기업들 사정이다. 좀 더 큰 기업들은 여기서 선을 이어서 이해하면 얼만큼 어려운지 이해 하기 쉽다.
그래서... 왠만한 회사들은 계속 추가 펀딩이 되겠지 생각하고 사업을 하면 안된다. 무조건 가지고 있는 자금으로 이익을 내면서 살아남는데 추가 자금이 꼭 필요 없어야만... 펀딩이 되는 시절이 당분간 계속 될거다.
Software multiples have come down a bit in the past quarter to a median of 5.4x forward revenue, with 8x for the top quartile.
(ImageSource: BVP Cloud Index as of 10/3/23) 즉...소프트웨어 회사들 기업가치는 미래 12개월 매출의 5.4배... 아주 톱 회사들은 8배 정도로 내려왔다. 얼마전 100X 이상까지 올라가던 시절은 잊는게 좋다.
2021년 Q4부터 투자는 계속 줄고 있다. 지난분기 (Q3, 2024) 에는 $73B 이 투자되었는데 그것은 Q4 2019 이후 제일 낮은 금액이였고 또 10,095 회사가 투자 받았는데 Q3 2020 년 이후 제일 낮았다.
시드에서 Series A 받는게 무지 어려워졌다. 이젠 A 라운드 받으려면 약 월매출 5천만원 이상 넘으면서 이익을 내기 시작하던지... 가까워야된다.
---
이게 지금 미국 초기 기업들 사정이다. 좀 더 큰 기업들은 여기서 선을 이어서 이해하면 얼만큼 어려운지 이해 하기 쉽다.
그래서... 왠만한 회사들은 계속 추가 펀딩이 되겠지 생각하고 사업을 하면 안된다. 무조건 가지고 있는 자금으로 이익을 내면서 살아남는데 추가 자금이 꼭 필요 없어야만... 펀딩이 되는 시절이 당분간 계속 될거다.
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<본격 AI 하드웨어 시대 개막: 구글 하드웨어 이벤트 현장 후기!!> 🤖
1. 구글(Google)이 픽셀8, 픽셀8 프로, 픽셀 워치2, 픽셀 버즈 프로 등 일련의 하드웨어 제품을 공개.
2. 모든 하드웨어의 가장 중요한 기능은 AI, 머신러닝으로 귀결.
3. 픽셀8 프로는 구글의 생성형 AI(generative AI) 모델이 탑재된(on-device) 첫 번째 하드웨어.
4. 여러 명의 피사체가 등장하는 사진을 찍을 때 각 인물의 얼굴을 개별로 수정, 모두가 잘 나온 최종본 하나를 만들 수 있는 식.
5. 영상을 촬영했는데, 등장인물의 대화에 비해 주변 소음이 너무 크다면 소음만 줄이거나 키울 수 있음.
6. 지하철 내부 등 시끄러운 환경에서 통화할 때 소음을 없애 목소리만 또렷이 들을 수 있음. (with 픽셀 버즈 프로)
7. 회의 때 전화가 걸려 오면 직접 받지 않고 AI가 받게 해 나 대신 상대방과 간단한 통화를 하게 만드는 것도 가능(Call Screening). 받는 사람이 AI라고 인식하지 못할 정도의 자연스러운 목소리가 전달됨.
8. 예컨대 택배 기사님한테 전화가 걸려오면 “문 앞에 두세요”를 문자가 아닌 음성(대화 방식)으로 AI가 전할 수 있음.
9. 구글 어시스턴트는 AI 챗봇 ’바드(Bard)’로 업그레이드. 보다 복잡한 물음을 던지고 답을 얻을 수 있음.
10. 소프트웨어(AI)가 하드웨어를 정의하는 시대, AI 기술의 폭발적 발전으로 양질전환, 퀀텀 점프, 패러다임 시프트가 시작된 시기라는 걸 절감.
더밀크 The Miilk @followers
1. 구글(Google)이 픽셀8, 픽셀8 프로, 픽셀 워치2, 픽셀 버즈 프로 등 일련의 하드웨어 제품을 공개.
2. 모든 하드웨어의 가장 중요한 기능은 AI, 머신러닝으로 귀결.
3. 픽셀8 프로는 구글의 생성형 AI(generative AI) 모델이 탑재된(on-device) 첫 번째 하드웨어.
4. 여러 명의 피사체가 등장하는 사진을 찍을 때 각 인물의 얼굴을 개별로 수정, 모두가 잘 나온 최종본 하나를 만들 수 있는 식.
5. 영상을 촬영했는데, 등장인물의 대화에 비해 주변 소음이 너무 크다면 소음만 줄이거나 키울 수 있음.
6. 지하철 내부 등 시끄러운 환경에서 통화할 때 소음을 없애 목소리만 또렷이 들을 수 있음. (with 픽셀 버즈 프로)
7. 회의 때 전화가 걸려 오면 직접 받지 않고 AI가 받게 해 나 대신 상대방과 간단한 통화를 하게 만드는 것도 가능(Call Screening). 받는 사람이 AI라고 인식하지 못할 정도의 자연스러운 목소리가 전달됨.
8. 예컨대 택배 기사님한테 전화가 걸려오면 “문 앞에 두세요”를 문자가 아닌 음성(대화 방식)으로 AI가 전할 수 있음.
9. 구글 어시스턴트는 AI 챗봇 ’바드(Bard)’로 업그레이드. 보다 복잡한 물음을 던지고 답을 얻을 수 있음.
10. 소프트웨어(AI)가 하드웨어를 정의하는 시대, AI 기술의 폭발적 발전으로 양질전환, 퀀텀 점프, 패러다임 시프트가 시작된 시기라는 걸 절감.
더밀크 The Miilk @followers
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