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This Week in Startups

Benchmark's Sarah Tavel on the state of VC, AI's impact on startups & more! | E1813

Sep 20, 2023
01:24:53
Snipd AI
Benchmark's Sarah Tavel joins Jason to discuss the state of VC, AI's impact on startups, the challenges faced by founders, the importance of co-located teams, multi-disciplinary investments, and mission-driven founders. They also touch on the importance of curiosity, competition, and drive for founders, the significance of competition and innovation, automating demand letters with Even Up, and staying competitive in a changing landscape.
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Podcast summary created with Snipd AI

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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