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Eric Vishria

👤 Person
489 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

He's like, this goes against everything I've learned in the industry. Totally discouraging. He hasn't met the company yet, just based on my articulation of it. Monday. So I bring the company in. Peter was like, I was like, just have an open mind on it. Just have an open mind. And so comes in on Monday, Andrew pitches and he had a term sheet already. And so we were running obviously.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

And he pitches. And at the end of the pitch, we're debriefing. And we have a system where we talk and then you can call the sponsoring partner. Basically, you can call for a vote. And Peter said, call for the vote. He told me, he was like, call for the vote. And he pushed me.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

And he pitches. And at the end of the pitch, we're debriefing. And we have a system where we talk and then you can call the sponsoring partner. Basically, you can call for a vote. And Peter said, call for the vote. He told me, he was like, call for the vote. And he pushed me.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

And he pitches. And at the end of the pitch, we're debriefing. And we have a system where we talk and then you can call the sponsoring partner. Basically, you can call for a vote. And Peter said, call for the vote. He told me, he was like, call for the vote. And he pushed me.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

So he pushed me to call for the vote and to push her over the line after spending literally 16 hours before trying to talk me out of it. And so the answer is... So yes, my partners have kept me out of a lot of stuff. But what he was doing in that moment is he had updated his own evaluation of the opportunity and the idea and was like... yeah, it makes sense.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

So he pushed me to call for the vote and to push her over the line after spending literally 16 hours before trying to talk me out of it. And so the answer is... So yes, my partners have kept me out of a lot of stuff. But what he was doing in that moment is he had updated his own evaluation of the opportunity and the idea and was like... yeah, it makes sense.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

So he pushed me to call for the vote and to push her over the line after spending literally 16 hours before trying to talk me out of it. And so the answer is... So yes, my partners have kept me out of a lot of stuff. But what he was doing in that moment is he had updated his own evaluation of the opportunity and the idea and was like... yeah, it makes sense.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

Also, Eric clearly really wants to do it and see something here. And so I'm 18 months into being a venture capitalist and I have one of the greats of all time, 16 hours before, telling me this goes against everything, don't do it, blah, blah, blah. And so I think that encouragement of like, hey, you saw something there,

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

Also, Eric clearly really wants to do it and see something here. And so I'm 18 months into being a venture capitalist and I have one of the greats of all time, 16 hours before, telling me this goes against everything, don't do it, blah, blah, blah. And so I think that encouragement of like, hey, you saw something there,

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

Also, Eric clearly really wants to do it and see something here. And so I'm 18 months into being a venture capitalist and I have one of the greats of all time, 16 hours before, telling me this goes against everything, don't do it, blah, blah, blah. And so I think that encouragement of like, hey, you saw something there,

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

And then like the rest of the group saw it and was like, yeah, there's something there. And like, and so I go back and think about that a lot because each of us in a good partnership, each of us brings our own points of view and our own biases and baggage, but our own insights as well. And so you got to put all that together.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

And then like the rest of the group saw it and was like, yeah, there's something there. And like, and so I go back and think about that a lot because each of us in a good partnership, each of us brings our own points of view and our own biases and baggage, but our own insights as well. And so you got to put all that together.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

And then like the rest of the group saw it and was like, yeah, there's something there. And like, and so I go back and think about that a lot because each of us in a good partnership, each of us brings our own points of view and our own biases and baggage, but our own insights as well. And so you got to put all that together.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

And if you do that well, that's like, that's these partnerships at its best. And I've seen that. a whole bunch of times.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

And if you do that well, that's like, that's these partnerships at its best. And I've seen that. a whole bunch of times.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

And if you do that well, that's like, that's these partnerships at its best. And I've seen that. a whole bunch of times.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

I'll give you a great example where Sarah saved me. We were looking at a company and she's like, Eric, and this goes back to your sector thing. It's just like a perfect example that ties this thing together is like, she's like, Eric, I'm telling you, you're used to looking at software companies. At this company, you're gross margin and like these unit economics really, really matter and they suck.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

I'll give you a great example where Sarah saved me. We were looking at a company and she's like, Eric, and this goes back to your sector thing. It's just like a perfect example that ties this thing together is like, she's like, Eric, I'm telling you, you're used to looking at software companies. At this company, you're gross margin and like these unit economics really, really matter and they suck.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

I'll give you a great example where Sarah saved me. We were looking at a company and she's like, Eric, and this goes back to your sector thing. It's just like a perfect example that ties this thing together is like, she's like, Eric, I'm telling you, you're used to looking at software companies. At this company, you're gross margin and like these unit economics really, really matter and they suck.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue

There isn't a path to get better and the entrepreneur is not engaged on the topic. It was just like a great insight because like for us, you know, as your kind of traditional software investor and like doing things, it really doesn't matter. Like it's just like all of these things end up, you know, your SaaS companies are going to end up in between 75 and 83% gross market.