Vise AI layoffs, "re-founding" and LARP
Article: https://www.businessinsider.com/unraveling-fintech-startup-vise-new-york-unicorn-venture-capital-2023-2 This super hyped startup from young founders raised from Founders Fund, Sequoia and Ben Ling - reached a $1B valuation by lying about how much AUM was in their pipeline. They LARPed as an AI company (original name was Vise AI, now renamed to just Vise) claiming that k-means clustering is a type of machine learning which can be classified as AI.
Insider
Thanks
Founders made bank with the venture $. They won’t care - just fold and create another buzzword startup.
I interviewed with these guys and didn’t accept the offer. Dodged a bullet 😂
I heard the founders' apartment was something in the 25k/month range. Seems slightly excessive / unfocused.
Paywall.
https://archive.is/2023.03.03-151655/https://www.businessinsider.com/unraveling-fintech-startup-vise-new-york-unicorn-venture-capital-2023-2