A syndicate of top-tier investors, including a16z, Sequoia, NFGD, and SV Angel, invested $1 billion into Safe Super Intelligence (SSI), an AI startup led by OpenAI co-founder Ilya Sutskever.
Track record matters - a founder with demonstrated success reduces risk, accelerates trust, and commands premium valuation.
To demonstrate competence, entrepreneurs can focus on execution, credibility, and building a reputation that attracts opportunity.
One way to enhance credibility is to have a successful bootstrapping phase before seeking formal fundraising, showing commitment and establishing credibility with external parties.