Fund/Build/Scale
Episode 1 | Building Trust with Your Inception Investor with guest Navin Chaddha (Managing Partner, Mayfield)
Feb 7, 2024
Navin Chaddha, Managing Partner at Mayfield, discusses the importance of trust between founders and investors, the elements of a fundable idea, challenges in AI investing, and building strong founder teams. He also emphasizes the value of inception-stage entrepreneurs with 'half-baked' ideas and the societal impact of responsible innovation.
46:46
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Quick takeaways
- Mayfield emphasizes partnering with trustworthy investors at inception stage for building successful AI startups.
- Startups are advised to focus on solving real pain points for customers and differentiate themselves with must-have products, even without revenue at the inception stage.
Deep dives
Mayfield AI Start Seed Fund: Investing in AI Startups
Mayfield is launching an AI Start Seed Fund to invest in early-stage AI startups. Their belief is that AI, when combined with humans, will create a significant impact. They aim to partner with entrepreneurs at the inception stage, providing smaller checks to help them build great companies from the beginning. Mayfield's people-first framework emphasizes mission and values, focusing on companies that elevate humans rather than replace them. They look for startups that are GNAI native, prioritize trust and safety, and aim to make humans better. Entrepreneurs at the inception stage are encouraged to reach out for evaluation and potential partnership.
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