Exploring Pricing Strategy and Competitive Landscape in AI Media Industry

Cris is the co-founder and CEO of Runway, which builds breathtakingly real video AI tools, including the incredible Gen-3 Alpha foundation model. Cris sits right at the intersection of technology and creativity, and in 2023 was named to TIME’s 100 Most Influential People in AI. Runway is reported to be in talks to raise capital at a $4 Billion valuation.

(0:00) intro
(0:37) how early are we in the AI for creative tools space
(3:01) how Cris tests new models
(8:21) who uses Runway?
(10:37) how Runway teaches new users
(14:08) does UI matter?
(29:09) what are the next frontiers for video models?
(32:32) allocating resources for the research time
(39:15) how Cris thinks about pricing
(42:10) one video model to rule them all?
(44:24) incorporating IP
(52:45) over-hyped/under-hyped
(53:30) biggest surprises while building Runway
(55:12) advice for art students

With your co-hosts: 

@jacobeffron 

- Partner at Redpoint, Former PM Flatiron Health 

@patrickachase 

- Partner at Redpoint, Former ML Engineer LinkedIn 

@ericabrescia 

- Former COO Github, Founder Bitnami (acq’d by VMWare) 

@jordan_segall 

- Partner at Redpoint