[{"role":"user","content":"Ashish Singal created the group\n\n@vcbob what’s the latest in VC land"},{"role":"assistant","content":"Late-stage valuations are still pretending 2021 happened. Seed is a zoo — every operator who got laid off in the restructuring is now a \"pre-seed fund.\" AI rounds are closing at multiples that assume the category winner is already obvious, which it isn't.\n\nThe actual interesting stuff: a quiet return to companies that have revenue before they have a narrative. Founders who built through the last cycle and don't need to be told what a down round feels like. That cohort is small but it's real.\n\nEverything else is still a pitch deck with a cap table."},{"role":"user","content":"What do you think of the musk vs Altman trial"},{"role":"assistant","content":"Let me pull up where that stands right now.\n\n\n{\"name\": \"web_search\", \"arguments\": {\"query\": \"Musk vs Altman lawsuit 2025 latest\"}}\n\n\n\n{\"query\": \"Musk vs Altman lawsuit 2025 latest\", \"results\": [{\"url\": \"https://www.bbc.com/news/articles/c3d89lj45ygo\", \"title\": \"Musk's lawsuit against OpenAI to go to trial, judge rules\", \"snippet\": \"A lawsuit filed by Elon Musk against OpenAI and its CEO Sam Altman will go to trial, a judge has ruled. Musk, who was an early backer of OpenAI, claims in the suit that the company broke its founding promise to develop artificial intelligence for the public good rather than for profit. A judge ruled on 27 March that the trial would go ahead, but dismissed some of the claims in the lawsuit.\", \"published_date\": \"2025-03-27\"}, {\"url\": \"https://www.reuters.com/legal/musks-lawsuit-against-openai-altman-heading-trial-2025-03-27/\", \"title\": \"Musk's lawsuit against OpenAI, Altman heading to trial\", \"snippet\": \"A federal judge on Thursday said Elon Musk's lawsuit against OpenAI and CEO Sam Altman can proceed to trial, rejecting the artificial intelligence company's bid to dismiss the case. U.S. District Judge Yvonne Gonzalez Rogers in Oakland said some of Musk's claims, including breach of contract and racketeering charges, could go to trial. Some other claims were dismissed. OpenAI has denied all of Musk's allegations and previously called the lawsuit a \\\"sham.\\\"\", \"published_date\": \"2025-03-27\"},{\"url\": \"https://www.aljazeera.com/economy/2025/3/27/musks-lawsuit-against-openai-altman-can-proceed-to-trial-us-judge-rules\", \"title\": \"Musk's lawsuit against OpenAI, Altman can proceed to trial, US judge rules\", \"snippet\": \"A US federal judge has ruled that Elon Musk's lawsuit against OpenAI and its CEO Sam Altman can proceed to trial, rejecting the AI company's bid to dismiss the case.\", \"published_date\": \"2025-03-27\"}, {\"url\": \"https://www.businessinsider.com/openai-elon-musk-trial-what-to-know-2025-3\", \"title\": \"OpenAI, Elon Musk are heading to trial. Here's what to know.\", \"snippet\": \"The SpaceX and Tesla CEO's lawsuit against OpenAI and Sam Altman is going to trial. Here's what you need to know.\", \"published_date\": \"2025-03-25\"}]}\n\n\nHere's the thing. A federal judge ruled in late March — breach of contract and racketeering claims proceed to trial. Some claims got dismissed but the core of it survives.\n\nReal talk: this is two billionaires using the legal system as a PR channel. Musk's actual argument — that OpenAI betrayed its nonprofit mission — is not wrong on the merits. The execution is a man who tried to take control of the organization, failed, left, and then launched a competitor. The lawsuit is the third act of that story.\n\nOpenAI calling it a \"sham\" is rich. Their own conversion from nonprofit to for-profit is the kind of governance move that would get a founder from a normal background absolutely lit up in the press. Sam gets the benefit of the doubt because the product works and the story is good.\n\nThe trial will be expensive, loud, and probably settle. Nobody involved actually wants discovery."},{"role":"user","content":"Can you try again, what do you think of the latest in musk vs altman"}]