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This Week in Startups

Kevin O'Connor on backing visionaries, the future of VC, internet history and more | E1861

Dec 8, 2023
55:30
Snipd AI
Kevin O'Connor discusses the early days of the internet and the recent changes brought on by AI. They also explore tactics for building in a declining market and the emergence of 'death-icorns'. O'Connor shares what he looks for in founders and discusses the challenges of selling software, importance of SOC 2 compliance, and strategies for founders in up and down markets. They also discuss reasons for business failure and the transactional nature of the employer-employee relationship. The chapter also explores the qualities that investors look for in entrepreneurs and discusses valuations in the market.
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Podcast summary created with Snipd AI

Quick takeaways

  • The importance for venture capitalists to navigate the fine line between delusion and vision when backing entrepreneurs who are willing to take risks and think outside the box.
  • The transformative potential of AI, similar to the impact of the internet, and its implications for industries such as law, accounting, and music.

Deep dives

The Importance of Backing Delusional Founders

Entrepreneurs who are willing to think outside the box and take risks, even if they seem delusional, can often be visionary. The fine line between delusion and vision is important for venture capitalists to navigate. These delusional founders who are willing to take big leaps can often yield great results if they succeed. It is these founders who refuse to listen and stick to their own convictions that are often problematic. The speaker emphasizes the importance of finding entrepreneurs who are resilient, have a great attitude, and are driven by a sense of urgency in their pursuit of their goals and vision.

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