Browsed by
Month: December 2025

The Killer App of the Year Is…

The Killer App of the Year Is…

Comments 0 Comment
Image by Igor Omilaev at Unsplash

It was 2021 when Master of the Universe and Facebook CEO Mark Zuckerberg decided it was time to move beyond mere social media. Given his uncanny sense of prescience, he felt he’d found the killer app, going so far as to rename Facebook Meta, reflecting the company’s shift towards developing the metaverse, a virtual environment for social interaction and commerce. From Zuckerberg’s point of view, VR was the future.

Oops.

“All told, the company has lost more than $70 billion… on its enormous long-term VR bet, a staggering sum that has left investors itchy and unimpressed as Zuckerberg has failed to convince the public of the high-fidelity virtual spaces he long insisted we’d be choosing to spend most of our time in,” said Futurism, reporting that  Zuckerberg Basically Giving Up on Metaverse After Renaming Entire Company “Meta”, thus adhering to the tech mantra: fail fast. Read More...

OpenAI and the Tooth Fairy

OpenAI and the Tooth Fairy

Comments 1 comment

Our friend and investor at ffvc, Katie Weiss, told a story in her weekly newsletter about her six-year-old daughter who had decided that the tooth fairy isn’t real, and how Katie used logic and Sora to “preserve the magic a little longer.”

“That whole exchange made me think about another type of “fairy tale”: projections. As a venture fund, we ask for them, fully aware that we’re often being handed a story only loosely tethered to reality. So why do we still value them? Why, like at home, do we try to keep the magic alive?

“Because the magic isn’t in the numbers, it’s in the mindset behind them. Hidden in those fictional spreadsheets are real signals: how a founder thinks, what they know, how they believe their business will evolve, and whether their vision holds up under pressure. If you know where to look, there’s a tremendous amount to learn from made-up numbers.” Read More...