

20VC: Benchmark's Eric Vishria on Where is the Value in AI: Chips, Models or Apps | Why Nvidia Will Not Be The Only Game in Town | The Commoditisation of Foundation Models | Which AI Apps Have Sustaining Value vs Hype and Short Term Revenue
144 snips Sep 25, 2024
Eric Vishria, General Partner at Benchmark Capital, shares insights on the ever-evolving world of AI. He discusses the rapid commoditization of foundation models and why competitors will emerge beyond Nvidia. Vishria differentiates sustainable AI applications from those generating fleeting 'sugar high' profits, emphasizing the need for robust revenue quality. He also dives into Benchmark's decision-making processes and the dynamics that guide successful investments in this fast-paced landscape.
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RockMelt's Distribution Challenges
- Eric Vishria reflects on his time as CEO of RockMelt, a browser startup.
- Despite a strong team and innovative ideas, they fell short of expectations due to distribution challenges.
Career Investors' Advantage
- Career investors possess an advantage due to their extensive experience.
- They've seen numerous companies and pitches, developing valuable data and models.
Evaluating Opportunities
- Focus on evaluating the entrepreneur, their unique insights, and market potential.
- Prioritize these assessments over spreadsheet-based, financial models, especially in rapidly evolving sectors like AI.