20VC: Why All AI Companies Are Under-Valued | The Future of Foundation Models: Scaling Laws, Generalised vs Specialised, Commoditised? | From Unable to Afford Rent to Raising $130M From Index and Peter Thiel with George Sivulka @ Hebbia
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 693 Ratings
🗓️ 22 January 2025
⏱️ 66 minutes
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Summary
George Sivulka is the founder and CEO of Hebbia, is one of the fastest-growing gen AI companies and they recently raised a $130M series B. Investors include the company include hailed names such as a16z, Peter Thiel, Index, GV and others.
In Today's Episode with George Sivulka We Discuss:
04:47 Three Traits The Best Founders All Share?
08:11 How Cold Calling NASA Changed My Life
12:01 From Stealing Food From Stanford to Pitching Peter Thiel
17:22 Lessons working with Peter Thiel
26:39 The Future of AI and Business Applications
33:03 The Future of Employment with AI
33:45 Debunking the Myths of AI Job Displacement
35:09 The Future of Models: Many specialised or few generalised?
35:56 Scaling at Inference: A New Frontier
38:10 The Impact of Scaling Laws on Foundation Models
40:40 The Future of AI and Enterprise Value
43:43 The Geopolitical Influence on AI
45:03 The Commoditization of AI Models
47:47 Why Foundation Models Will Not Follow the Same Path of Cloud
52:53 Why All Companies, Both AI and Non-AI Are Undervalued
Transcript
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| 0:00.0 | You can bucket great founders into three backgrounds. I think probably the most common is that you had kind of a messed up childhood. The second most common would be you're gay. And the third most common would be you were adopted. Look at like a list of the all time greats. Elon Musk kind of messed up childhood. Jeff Bezos, Steve Jobs, adopted, Peter Teal, Sam Altman, you know, |
| 0:21.7 | publicly gay. And I think that all of these early life experiences end up giving you some |
| 0:27.7 | desire, some deeper passion to go out and prove yourself. This is 20 VC with me, Harry Stebbings, |
| 0:33.0 | and today we have one of the most wild stories in AI, Hebbier. Three years ago, George Sevolker couldn't make |
| 0:40.4 | his rent of $300 a month for a mattress on the floor. He snuck into Stanford dining room halls |
| 0:47.8 | for meals after dropping out. He raised his first two rounds of financing with clothes |
| 0:53.5 | hanging behind him on Zoom. |
| 0:55.6 | Most recently, the company raised a whopping $130 million and has investors, including Peter |
| 1:02.2 | Teal, Index, GV and Andresen. This is one of the most remarkable stories of the last few years. |
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... |
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