E
Everyone Complained about Our Product—Then We Raised $200M | Luma AI, Amit Jain
@ EO
05/16/25
Takeaways
AJ
Amit Jain
05/16/25
@ EO
The worst thing that can happen to someone creating a product is apathy; if nobody cares about what you've made, that's a failure. The second worst scenario is when everyone is satisfied, indicating there's nothing left to improve.
AJ
Amit Jain
05/16/25
@ EO
In AI, if you can do X, users will want to do Y, which creates a challenge because you can't predict how users will interact with your product.
AJ
Amit Jain
05/16/25
@ EO
At Luma AI, we're building multimodal general intelligence, starting with the world's best video models, and we've raised $200 million from investors like Andreessen Horowitz and Nvidia.
AJ
Amit Jain
05/16/25
@ EO
By training models that learn like the human brain, we aim to generate entire worlds and overcome the limitations of large language models.
AJ
Amit Jain
05/16/25
@ EO
I left Apple to start Luma AI in 2022 after realizing that convincing a large organization to adopt new technology was unlikely.
AJ
Amit Jain
05/16/25
@ EO
Our first video model, Dream Machine, was released in 2024 after a year and a half of building infrastructure and training systems, and it gained significant attention, making Luma a household name.
AJ
Amit Jain
05/16/25
@ EO
When developing new technology, expect that it won't work on the first try or even the tenth; it's crucial to iterate quickly and avoid anything that slows down your progress.
AJ
Amit Jain
05/16/25
@ EO
The worst thing that can happen to someone who's making anything is apathy; if you put something out and nobody cares, that's the worst scenario.
AJ
Amit Jain
05/16/25
@ EO
If everyone is happy with your product, it might mean there's nothing left to improve, which is also a bad sign.
AJ
Amit Jain
05/16/25
@ EO
With large models, you can't predict how users will interact with them, so it's crucial to observe their usage to understand successes and failures.
AJ
Amit Jain
05/16/25
@ EO
We are not just a video model company; our goal is to achieve multimodal general intelligence, enabling users to create entire worlds.
AJ
Amit Jain
05/16/25
@ EO
To build intelligence that collaborates with humans, it must be trained on diverse data, including video, as human learning occurs across multiple modalities.
AJ
Amit Jain
05/16/25
@ EO
Finding a problem that excites you is essential; it's not just about interest but about the depth of engagement that keeps you motivated.
AJ
Amit Jain
05/16/25
@ EO
When you dive deep into a problem, you should feel more excited as challenges arise, rather than bored; that's a sign of true passion.
AJ
Amit Jain
05/16/25
@ EO
If you can find a problem that captivates you and also presents a business opportunity, that's the ideal scenario for building a company.