Every time there's a tech hype cycle, trust some academics to come out of the woodwork, raise some absurd amount of money and sit out the resulting crash, only to be acquired/acqui-hired by some company to on-shore talent in an emerging area, rest and vest, then become VCs/partners. Plenty of examples:<p>1. Covariant -> Started by Berkeley folks, acqui-hired by Amazon after half a year of peddling a patchwork quilt of buzzwords through their Robot Foundational Model - 1 (RFM-1).<p>2. Drive.ai -> Started by Stanford folks, acqui-hired by Apple, only for most of the team to leave to found Landing.ai (I still don't know what this company actually does apart from allowing the founders to carve out nice, fat consulting contracts?).<p>3. World Labs -> Started by Stanford folks, physical embodiment but only 3D, NeRFs, perception something something? Not a single operator/person with business person in the founding cabal.<p>4. Physical Intelligence -> Started by Stanford folks (seeing a pattern here...), physical embodiment, data collection, foundational models something something.<p>5. Skild Ai -> Started by CMU folks, physical embodiment, again not sure what the plan is here.<p>6. Argo.AI -> Started by CMU folks, self-driving group that didn't go anywhere. Eventually shuttered and absorbed into Ford/Volkswagen.<p>7. Aurora.tech -> Started by CMU folks, self-driving team that SPAC'd and is now just existing in between debating raising capital or selling itself for parts I think?<p>8. Rethink Robotics -> Started by MIT folks, Rodney Brooks' legendary robotics companies that wanted to mass produce industrial robots, and then decided how the robot eyes should look like...fold, shuttered, and now relaunched only in name, none of the original robots or aesthetic (rightfully so) persists.<p>So many examples like this...none of these companies actually are vaguely interested in creating enduring business, have a business plan (other than GPU go brrr) or have any idea of how to run a business.