The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Why AI Models are not a Moat, Where Does the Value in AI Accrue; Startups or Incumbents, What the World Has Got Wrong About AI, Why AI Needs a New Story and Who is the Right People to Tell it with Cris Valenzuela, Co-Founder & CEO @ Runway
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Aug 28, 2023 
Cris Valenzuela, Co-founder and CEO of Runway, a leader in generative AI for content creation, shares his insights on the evolving AI landscape. He discusses why AI models aren't a moat, emphasizing application over model size. Cris argues that current narratives around AI miss the mark, advocating for new stories that reflect its true potential. He dives into startup challenges like hiring and fundraising, debunking common misconceptions. His perspective offers a profound understanding of AI's role as a creative enabler in the industry.
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Runway's Founding
- Runway's founding began in art school with Cris Valenzuela and his co-founders experimenting with AI.
- Their initial experiments evolved into image and video generation tools, driven by passion.
Outsider Advantage
- Cris Valenzuela, being an outsider, uses first principles and questions assumptions.
- This outsider perspective helps in merging different domains, fostering creativity.
Learning Superpower
- Embrace a "just figure it out" mentality and prioritize continuous learning.
- Learning how to learn is a superpower, enabling you to overcome any challenge.