20VC: Who Wins the AI Race; Startups or Incumbents & Does Having Proprietary Data Really Matter For Startups Today?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 2 June 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

One of the core questions in AI and investing today; who wins, startups or incumbents? Startups have speed and innovation but incumbents have scale, resources, and distribution?

Today we hear from 6 leading investors and founders discussing where they place their bets who has the advantage; startups or incumbents?

Emad Mostaque is CEO @ StabilityAI, the parent company of Stable Diffusion. To date, Emad has raised over $110M with Stability with the latest round reportedly pricing the company at $4BN.

Yann LeCun is VP & Chief AI Scientist at Meta and Professor at NYU. He was the founding Director of FAIR and of the NYU Center for Data Science.

Clem Delangue is the Co-Founder and CEO @ Hugging Face, the AI community building the future. Clem has raised over $160M from the likes of Sequoia, Coatue, Addition and Lux Capital to name a few.

Sarah Guo is the Founding Partner @ Conviction Capital, a $100M first fund purpose-built to serve “Software 3.0” companies. Prior to founding Conviction, Sarah was a General Partner at Greylock.

Vince Hankes is a Partner @ Thrive Capital where he has led the firm’s investments in OpenAI, Melio, and Airplane.dev. Prior to Thrive, Vince learned the craft of venture from Lee Fixel @ Tiger.

Tomasz Tunguz is the Founder and General Partner @ Theory Ventures, a $230M fund that invests $1-25m in companies that leverage technology discontinuities into go-to-market advantages.

The Question of the Day:

Who wins? Startups or Incumbents?

Transcript

Click on a timestamp to play from that location

0:00.0	I think that there's only going to be five or six foundation model companies in the world in three
0:04.4	years, five years.
0:05.3	So today I wanted to address one of the core questions in both the AI and the investing
0:09.6	world.
0:10.2	Who is best positioned to win?
0:11.9	Is it startups with speed and innovation?
0:14.1	Or is it incumbents with scale resources and distribution?
0:17.4	Today we hear from six leading founders and investors unpacking their thoughts
0:22.0	on not only who is best place to win, but also how the incumbents are doing in the race so far.
0:27.3	Let me know what you think of this show. I really want to hear the feedback on these compilation
0:30.9	episodes, so let me know on Twitter at Harry Stebbings. But before we dive into the show today,
0:35.8	you've heard me talk about how Coda is the dock that brings it all together and how it can help your team run smoother and be more efficient.
0:42.3	I know this because Coda helps me. We have many researchers in the team who bring all the content together for the show and they need a single place to work, collaborate and collect notes, data and information in any format. And that's where Koda comes in.
0:55.0	They can help your team run smoother and be more efficient.
0:58.0	Koda allows your team to operate on the same information and collaborate in one place
1:03.0	by putting data in one centralized location regardless of format.
1:06.0	Eliminating roadblocks, they can really stop your team in their tracks.
1:10.0	And that's what slows down productivity and collaboration.
1:12.7	It's time to get projects across the finish line faster.
1:15.4	So help your team run smoothly, more efficiently with Coda.
1:18.5	Get started today for free by heading over to coda.io slash 20VC.
1:23.5	That's coda.com.com.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Twenty Minute VC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Twenty Minute VC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.