Bloomberg Talks Loeb Enterprises II President, CEO, & Founder Michael Loeb Talks Fintech Entrepreneurship
Jun 27, 2025
Michael Loeb, President, CEO, and Founder of Loeb Enterprises II, shares insights from the Uncharted summit. He discusses the evolving landscape of fintech entrepreneurship and the challenges in startup funding amid a downturn. The conversation shifts to the current AI cycle, drawing parallels to past tech booms and its potential to disrupt industries. Loeb also addresses the impact of AI on employment, highlighting the adaptability of the workforce and the continued demand for skilled engineers in this new era.
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Elite Athletes' Fund Example
- At an event, three women elite athletes formed a $50M fund supporting athletes based on a shared unique perspective.\n- This illustrates how networking can lead to powerful partnerships and innovative initiatives.
Venture Capital as Beauty Contest
- Venture capital often behaves like a beauty contest with pressure to invest in AI to satisfy LPs, leading to riskier deals.\n- This dynamic causes even cautious funds to jump into AI investments prematurely.
AI's Profound Industry Disruption
- AI's impact feels as profound as the internet's dawn in the late 90s, with potential to disrupt entire industries.\n- Unlike past tech trends like NFTs or blockchain, AI advances seem real and significant.