This Week in Startups
Benchmark's Sarah Tavel on the state of VC, AI's impact on startups & more! | E1813
Sep 20, 2023
Sarah Tavel, a Partner at Benchmark and former Pinterest product manager, joins the discussion to delve into the evolving state of venture capital. She shares insights on the resilience founders need to navigate economic turbulence and the impact of AI on innovation and job roles in startups. Tavel highlights how diverse perspectives can enhance problem-solving and drives home the importance of strategic investor involvement in a competitive landscape. Her thoughts on adapting to crises and fostering collaboration in startup culture are both timely and captivating.
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Quick takeaways
- The emergence of large language models has transformed the startup landscape by automating work products and challenging incumbents.
- Competition is crucial for the success of startups as it drives innovation and pushes founders to strive for excellence.
Deep dives
The Paradigm Shift of Large Language Models
The emergence of large language models, such as GPT-3, has brought about a paradigm shift in the way companies leverage AI. Initially, the focus was on increasing productivity and collaboration within teams, with per-seat pricing models based on the cost of employees. However, this approach limits the verticals and applications that can be targeted. The first wave of companies leveraging large language models followed this mental model, but the opportunity lies in finding transactional and repeatable work products that can be automated with AI. By identifying these work products and translating them into sellable products, a new approach can be taken that challenges incumbents and delivers value in a transformative way.
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