Topline E39: Tomasz Tunguz of Theory Ventures on AI, 2024 Predictions, and Metrics That Matter
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Jan 15, 2024 
Tomasz Tunguz of Theory Ventures shares his 2024 predictions, discusses the changing landscape of AI, Microsoft's success in the AI industry, concerns about the venture capital industry size, and the metrics that matter for seed and Series A companies.
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Early Entrepreneurial Spirit
- Tomasz Tunguz started a legal software company at 17, selling it for a profit that funded his education.
- This early experience ignited his passion for startups and shaped his understanding of market sales.
Downturn Dynamics
- The 2008 downturn saw increased startup activity by those with strong conviction, similar to the current climate.
- However, the current downturn is unique due to a preceding period of significant growth, unlike the hangover from the 2001 crash in 2008.
Blockchains as Databases
- Theory Ventures views blockchains as databases, focusing on data as the most valuable asset.
- They predict that blockchain databases will become cost-competitive with traditional databases, offering greater security and user custody.