The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg
02 Oct 2024
Full Episode
I think we are in a bubble. I am inherently skeptical of companies doing pre-training. Unless you are an AGI research lab, doing pre-training on a model, I believe, is just burning capital. Software is like a lawn. It needs to be tended to. It's not like you write software once and it just works forever.
I think almost every company that has chosen to build their own in an area of their business where there is a software as a solution service available has regretted it.
This is 20VC with me, Harry Stebbings, and I'm so excited to welcome one of the true OGs of Silicon Valley to the show today. This is the most impressive CV in Silicon Valley. He co-created Google Maps. He was the CTO of Facebook. He founded Quip. and sold it to Salesforce for $800 million, where he was then co-CEO with Marc Benioff of Salesforce.
And now he's the CEO and co-founder of Sierra, a conversational AI platform for businesses backed by Peter Fenton at Benchmark. Enough said, the man is a hero. The best CV in Silicon Valley history right there. But before we dive in, I'd like to introduce you to one of my favorite brands, Atteo. Atteo is the next generation of CRM.
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And talking about incredible companies, I want to talk to you about a new venture fund making waves by taking a very different approach. It's a public venture fund anyone can invest in. not just institutions and accredited investors. The Fundrise Innovation Fund is democratizing venture capital, which could have big consequences for the industry.
The fund is already off to a good start with $100 million into some of the largest, most in-demand AI and data infrastructure companies. Companies like OpenAI, Anthropic, and Databricks. Check out the Innovation Fund's impressive list of investments for yourself by visiting fundrise.com slash 20VC.
Carefully consider the investment material before investing, including objectives, risks, charges and expenses. This and other information can be found in the Innovation Fund's prospectus at fundrise.com slash innovation. This is a paid sponsorship. And finally, let me tell you about UiPath. What do Henry Ford and AI have in common? Neither could change the world without automation.
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