1Mby1M Entrepreneurship Podcast

677th 1Mby1M Entrepreneurship Podcast with David Hornik, Lobby Capital - 1Mby1M Entrepreneurship Podcast

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Mar 25, 2025
David Hornik, Founding Partner at Lobby Capital, delves into the exciting world of AI-focused startups. He discusses the appeal of ultralight ventures and how entrepreneurs can prioritize profits over funding. The conversation touches on AI's dual role: simplifying processes while complicating marketing dynamics. Hornik also explores the importance of adapting expertise in fields like drug discovery and highlights the transformative potential of agentic AI in e-commerce, merging technology with traditional business roles.
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ADVICE

Venture Capital as a Growth Tool

  • Use venture capital as a tool only if it accelerates your business value significantly.
  • Build ultralight businesses without capital if possible, leveraging AI to reduce costs and complexity.
INSIGHT

AI Challenges Marketing Noise

  • AI makes building and scaling business experiences easier but increases marketing noise.
  • Optimizing in crowded markets yields diminishing returns; differentiation and sustainability remain key.
INSIGHT

Domain Knowledge and Moats in AI

  • Defensible domain knowledge can create a moat but AI may replicate much domain expertise over time.
  • Proprietary data or specialized models might provide lasting advantages in vertical AI solutions.
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