The Future of Supply Chain: a Dynamo Ventures Podcast Re-Air: Exploring Investment and Impact of AI in the Supply Chain Sector with Steve Sloane of Menlo Ventures
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Nov 27, 2024 Steve Sloane, a partner at Menlo Ventures with expertise in supply chain and AI, shares insights from his journey in venture capital. He discusses the transformative role of AI in supply chains, highlighting how it's reshaping efficiency both in blue-collar and white-collar settings. The conversation explores generative AI's potential in automating tasks and streamlining operations, especially for logistics. Steve emphasizes the need for careful investment strategies amidst competitive dynamics and stresses the importance of balancing growth with financial efficiency in today’s market.
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Steve's Supply Chain Journey
- Steve Sloane's interest in supply chain began with a 2017 robotics deep dive.
- Investing in Six River Systems (acquired by Shopify) exposed him to labor challenges, sparking broader supply chain interest.
Generative AI's Transformative Potential
- Generative AI is a transformative technology, comparable to mobile, cloud, or the internet.
- Early-stage generative AI investments may face a shakeout as the market overheats.
Evaluating AI in Supply Chain
- Menlo Ventures evaluates AI in supply chain similarly to other sectors, considering factors like industry attractiveness and incumbent advantage.
- Data access, technical teams, and workflow differentiation are also important factors.