The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Why OpenAI Will Become an Infrastructure Play, Why Apple Will Win in an AI World, Why Google is the Most Vulnerable Incumbent, Will LLMs Be Commoditised, Which Startups Are Thin vs Thick Wrappers on Top of LLMs with Jeff Seibert, Founder @ Digits

Nov 22, 2023
Jeff Seibert, Founder and CEO of Digits, dives deep into the future of AI, suggesting OpenAI's shift towards becoming an infrastructure titan. He argues Apple is poised to dominate in the AI race while highlighting Google's vulnerabilities. The discussion also touches on the potential commodification of LLMs, separating 'thick' from 'thin' applications built on them. Jeff offers founders valuable insights on when to pivot and common pitfalls to avoid, making this a must-listen for entrepreneurs navigating the tech landscape.
58:48
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Episode guests

Jeff Seibert

Podcast summary created with Snipd AI

Quick takeaways

  • The art of pivoting is crucial for startup success and founders should trust their instincts and rally the whole team around the new direction.
  • Acquiring high-quality data and developing proprietary datasets is a challenge for companies utilizing AI, especially in sensitive industries like healthcare.

Deep dives

Importance of being adaptable and pivoting in startups

Being able to pivot quickly and decisively is crucial for startup success. Founders should trust their instincts and have conviction in their new direction. It's important to get the whole team on board and rally around the new path. Startups should focus on growth, trim expenses, and lengthen runway. While the mortality rate of startups is high, not all failures result in complete loss and there's always a chance for success.

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