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
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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
1h 6m
3 speakers
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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 all time greats. Elon Musk kind of messed up childhood, Jeff Bezos, Steve Jobs adopted, Peter Thiel, Sam Altman, you know, like publicly gay. And I think that all of these early life experiences end up giving you some desire, some deeper passion to go out and prove yourself.
This is 20VC with me, Harry Stebbings, and today we have one of the most wild stories in AI, Hebbia. Three years ago, George Sivulka couldn't make his rent of $300 a month for a mattress on the floor. He snuck into Stanford dining room halls for meals after dropping out. He raised his first two rounds of financing with clothes hanging behind him on Zoom. Most recently, the company raised a whopping $130 million and has investors including Peter Thiel, Index, GV, and Andreessen. This is one of the most remarkable stories of the last few years. But before we dive in today, here are two fun facts about our newest brand sponsor, Kajabi. First, their customers just crossed a collective $8 billion in total revenue. Wow.
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