20VC: How AI Can Enhance Not Replace Humans? What Will Differentiate Between The Winners & The Losers In AI? Why AGI Is Further Away Than We Think with Nitesh Banta, Founder & CEO @ B12
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 30 December 2016
⏱️ 29 minutes
🧾️ Download transcript
Summary
Nitesh Banta is the Founder and CEO @ B12, the startup that uses AI to superpower their team of world class creatives to create even more intelligent websites. They have backing from the likes of Jim Breyer, General Catalyst and our friends at Founder Collective. As for Nitesh, prior to B12, he was on the dark side as a VC with General Catalyst for 5 years before Co-Founding Rough Draft Ventures, the General Catalyst program designed to develop the next generation of student founders.
In Today’s Episode You Will Learn:
1.) How Nitesh made the move from VC with General Catalyst to AI Startup founder with B12?
2.) How difficult was it for Nitesh to leave the security of venture to start B12 as Founder? What does Nitesh suggest to those that are unsure of whether to make the jump?
3.) Why does Nitesh believe that AGI (artificial general intelligence) is not as close as people predict? What are the implications of this towards humans relationship with technology?
4.) Is Nitesh bullish on humans creating new and unique machine learning algorithms or the rise of 'machine learning as a service as a sector? Where does the real value lie, the data or the machine learning algorithms?
5.) Why is Nitesh contra the common pessimism surrounding AI and the future of work? How does Nitesh believe AI will impact human work processes in a positive way?
Items Mentioned In Today’s Show:
Nitesh’s Fave Blog: Bill Gurley: Above The Crowd, Nuzzel
Nitesh’s Fave Book: Oh The Places You'll Go
As always you can follow Harry, The Twenty Minute VC and Nitesh on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
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Transcript
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| 0:00.0 | Hello and welcome back to the last 20 minute VC episode of 2016. Can You Believe It? With me, |
| 0:05.1 | your host, Harry Stebbings, found drinking mahitos on Snapchat at H. Stebbings with 2Bs, |
| 0:10.0 | and found trying to write some rather academic pieces on our new blog, mahitovc.com. I'd absolutely |
| 0:14.9 | love to hear your thoughts and feedback on that. But to the show stay, and I'm thrilled to |
| 0:18.3 | welcome an all-star founder for this Founders Friday, having been highly recommended by pretty much everyone at General Catalyst. |
| 0:24.3 | I'm thrilled to welcome Nitesh Banta, founder and CEO at B-12, to the show today. |
| 0:28.8 | Now, for those that don't know, B-12 is the startup that uses artificial intelligence to superpower their team of world-class creatives to create even more intelligent websites. And they |
| 0:38.2 | have backing from the likes of Jim Breyer, General Catalyst, and our friends at Founder Collective. |
| 0:42.8 | As for Nitesh, prior to B-12, he was on the Dark Side 2 as a VC with General Catalyst for five |
| 0:47.9 | years before co-founding Rough Draft Ventures, the General Catalyst program designed to develop |
| 0:52.2 | the next generation of student founders. |
| 0:54.4 | However, before we meet the man behind one of the hottest AI startups of the day, |
| 0:58.1 | although Christmas is over, it does not mean you cannot treat yourself, |
| 1:01.0 | and what better way to do that than with Pearl? |
| 1:02.8 | Now, Pearl believe the latest automotive technology should be available to every driver, |
| 1:06.9 | whether it's time for you to buy a new car or not. |
| 1:09.3 | And their Pearl Rear Vision is the first step in driving this commitment forward. |
| 1:13.1 | Pearl Rear Vision is the only wireless backup camera and alert system |
| 1:16.6 | that installs in minutes and updates throughout its lifetime. |
| 1:19.6 | Pearl literally takes less than 10 minutes to install and is completely wireless because it's solar powered. |
| 1:24.6 | And since Rear Vision is software-based, they're able to push updates |
| 1:27.5 | and new features over the Perl app in the exact same way you receive updates for other apps |
... |
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