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Nick Beim

๐Ÿ‘ค Speaker
303 total appearances

Appearances Over Time

Podcast Appearances

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

What Harvey's done is interesting.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

It starts with a very simple product that's useful, that is productivity, basic research, automating some basic workflows.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

But an interesting thing about law is that it's so multifaceted.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

There's so many different areas of law, and some of them, like litigation, for example, are very complex.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

So in addition to companies like Harvey,

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

that have a relatively simple product, you've got far more complex products like Silo, which is really the AI litigation leader that help you automate a lot of parts of the traditional legal workflow, like document review, do traditional e-discovery.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

but do it better with agentic AI, and then help you think through the major litigation tasks that need to be done with far more efficiency than could otherwise be done.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

And so I think in legal tech, there'll be a litigation winner.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

There'll be a general purpose tool winner.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

There'll be specific winners in other areas where expertise is required.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

International tax law is a vastly profitable part of the legal world.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

And

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

I don't think the existing players are focused on that today, but that requires a lot of financial knowledge as well.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

So many parts of legal yet to be enhanced with AI and lots of opportunity.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

I think you're right.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

And I think AI is going to help in other areas like arbitration, where you can get very quick responses, quick settlements, and just make the overall legal system much more efficient.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

These are areas I've spent a lot of time thinking about, and it's interesting.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

These areas have brought together both my work with the council and other think tanks on defense intelligence and foreign policy generally, but also my work in the venture capital world where I've invested in a variety of companies that serve those customers and struggle through all of the ridiculous hoops that are put in their way.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

It's very difficult to work with the government.

How I Invest with David Weisburd
E305: Why 95% of AI Startups Will Never Build a Moat

but that the government really wants because the character of warfare, the character of intelligence competition, and the character of geopolitical competition generally is being radically changed by technology.