443. The Path from Aspiring VC to Partner at Bessemer, Building Non-Consensus Conviction, The Most Compelling Vertical Applications of AI, and Why Fintech is the New Frontier in Supply Chain (Mike Droesch)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
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The Future of AI Applications and Vertical AI Companies
This chapter delves into the State of Cloud 2024 report by Bessemer, focusing on the growth of cloud infrastructure spending and the emergence of innovative AI applications like multimodal language models. It discusses the potential of AI in transforming industries, the investment in healthcare AI applications like Abridge, and the potential challenges faced by traditional service providers when adopting automation. The chapter also explores the rise of AI native vertical software and the shift towards outcome-based pricing models in response to increasing competition.
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