I've chatted with one of our investors about the potential buyback offer, and I want to clarify something: whenever I offer that, it comes entirely from a position of worry and caution, simply because I don't want someone else to be at a loss due to investing in me. Of course, HOC is a startup, it is a risky investment. 67% of seed-round investments go to zero. Investors know that risk, and, as a founder, I should be in peace with that. Yet, I strive to be a positive influence in the life of these who cross my path, including investors. So, if I can protect someone's investment at my own cost, I'll often make that choice. That's all there is to it. Obviously, that's optional, I'll never force any buyback, and it makes me genuinely happy when someone reinforces they want to stay, in good and bad times. But when I make a decision that might not be popular among investors, I always try to offer them an alternative - at least, for as long as we're in a stage where I can still afford that... A strategic acquisition, for example - that's not the most shiny outcome that some investors would want. But, as I learn and grow as a founder, I also become more realistic. What sounds more likely: that we produce some cool tech that ends up being valuable in the context of a larger company, or that we unleash the singularity and beat OpenAI, in a market that is obviously not made for small fish? Our progress with research & development has been tremendous, NeoGen is an incredible piece of tech with unbounded potential, and I don't want to waste it. We're very incompetent in many other areas: our branding sucks, our marketing is null, our operations are laughable (it took us 6 months to assemble a cluster of 256 Mac Minis, while Musk somehow put 100,000 H100 in place in 17 days...). We have many flaws, and it would be a shame if NeoGen's potential is wasted due to one of them. So, thinking about how it fit in the context of a larger company sounds natural to me. Anyway, whatever ends up happening, what you can always be certain of is that, as long as my health allows, I'll always be putting my heart and soul, and doing my best to make my best job. Since HOC was founded, I've been working 100h weeks non-stop, solving extremely hard research problems that no other company or entity knows how to address, and I have no plans to stop. I think HOC has potential. NeoGen is cool. Bend2 will let people use it to its fullest. I think people will love that combo. Let's see how it will play out...
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