VQV Signal
According to a post on X by @VictorTaelin, no large fund he pitched had conviction in Higher Order Company (HOC), with objections that nobody will pay and that big labs will eat the company. HOC plans to raise up to $8M on SAFEs at a $120M post-money cap, and Taelin is putting in $1M himself. The company will drop product work to focus on symbolic AI research, keep its Bend language open source, and promises first "SAI" models soon.
According to a post on X by @VictorTaelin, no large fund he pitched had conviction in Higher Order Company (HOC), with objections that nobody will pay and that big labs will eat the company. HOC plans to raise up to $8M on SAFEs at a $120M post-money cap, and Taelin is putting in $1M himself. The company will drop product work to focus on symbolic AI research, keep its Bend language open source, and promises first "SAI" models soon.
AI-assisted summary based on the listed source.
Victor Taelin says no big fund he pitched had conviction in Higher Order Company; the common objections were “nobody will pay” and “big labs will eat you.” HOC will raise up to $8M on SAFEs at a $120M post-money cap, Taelin is putting in $1M himself, and the company will drop product work to focus on symbolic AI...
Investors and builders following AI startups would see a smaller raise paired with a shift away from products toward research. Bend users would keep open-source access. Watch for the first SAI models and whether HOC closes the raise on the stated terms, since the source only describes these plans.
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