20VC General Partner @PaulBonnet says that VCs investing in neolabs at $5B pre-seeds need to see at least a $100B valuation: "When you invest at a 5 billion seed or pre-seed, what you're really saying is that company will be worth at least 100 billion." "You will get diluted by 50% [investing] at pre-seed if it becomes successful. And by the way, if it's worth $100 billion, it's only a 10x with the dilution..." "There haven't been many $100 billion plus exits in the history of technology.…

etn.@etnshow13h ago

JUST IN: AlphaGo co-creator Thore Graepel aims to raise 9-figure seed for non-LLM neolab Metis Reasoning, per Bloomberg.