The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: In AI Who Wins? Startups or Incumbents? What Happens to Wealth Inequality? Why Will $10BN+ Companies Only Have 10 People | Why Defensibility in Startups is BS & Speed is Everything? Why Large Groups Worsen Decision-Making with Sarah Guo
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Apr 28, 2023 
Sarah Guo, Founding Partner at Conviction Capital and former General Partner at Greylock Partners, delves into the transformative impact of AI on startups. She discusses why speed trumps defensibility in venture capital and warns of potential wealth inequality from AI-driven billion-dollar companies run by small teams. Sarah emphasizes the need for deep customer engagement in selecting startup ideas and evaluates the changing dynamics in tech investment, highlighting how strategy can differentiate startups from incumbents.
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AI's Value Creation Potential
- AI is the biggest value creation opportunity of our time, enabling small teams to build billion-dollar businesses.
- Focusing on early-stage AI investing offers a unique advantage in this transformative era.
AI and Wealth Inequality
- AI-driven wealth inequality is a valid concern, as small teams create massive value.
- Embrace AI's potential for abundance while addressing distributional challenges democratically.
Bridging the AI Knowledge Gap
- Policymakers face a knowledge gap in regulating rapidly advancing AI technologies.
- Those involved in developing and enabling AI must educate policymakers to address this.