

20VC: Kleiner Perkins' Mamoon Hamid on Investing Lessons from Leading Rounds in Figma, Slack and Rippling | Lessons Building a Generational Defining Firm with Kleiner Perkins | AI: Where Value Accrues, Startups vs Incumbents & Scaling Laws
123 snips Oct 21, 2024
Mamoon Hamid, General Partner at Kleiner Perkins and a renowned venture capitalist, shares his insights from leading investments in successful startups like Figma and Slack. He discusses the defining elements of a great investment, revealing what drove his decisions on these companies despite early challenges. Hamid explores the shifting landscape of AI, emphasizing the importance of application-layer companies and strategic growth. He reflects on lessons learned from past failures and the future of venture capital amidst a competitive market.
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AI Supercycle
- The current AI supercycle is like the rise of the internet, but multiplied by ten.
- This presents a unique opportunity for venture investors.
Investing in AI
- Focus on applications that empower highly skilled professionals like doctors, lawyers, and developers.
- Invest in AI-powered tools that improve their efficiency.
AI vs. Traditional Software Investing
- In AI investing, like traditional software, team quality, work ethic, and technology matter.
- Tuning frontier models requires technical expertise for specific use cases.