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So this means Wenfeng will have lost 16% (since he «invested» 20B of his own capital in round 1) for $11.7B of external capital. Tbh I find that a b…
So this means Wenfeng will have lost 16% (since he «invested» 20B of his own capital in round 1) for $11.7B of external capital. Tbh I find that a bit desperate, these shares won't come back. But I guess there's no choice.Still hoping he becomes able to borrow at scaleJing Yang: SCOOP: DeepSeek nears $500 million ARR a