Lightcone Podcast 2024’s Biggest Startup Trends
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Dec 13, 2024 In 2024, startups are booming, driven by AI's transformative power. The rise of open-source models like Llama is shaking up traditional dynamics, while startups in Y Combinator show impressive revenue growth. Vertical AI technologies are gaining traction, reshaping funding landscapes. A healthcare startup's pivot illustrates the demand for innovation in data services. The return of in-person demo days reignites networking among founders and investors, fueling optimism for the future.
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Startups Thrive in AI
- The breakout AI applications of 2024 were not built by OpenAI, despite initial predictions.
- Open source models and startups like Perplexity and Glean have found success.
Opus Clip's Success
- Opus Clip, a YC-backed company, achieved significant revenue without a traditional Series A.
- This demonstrates that substantial success in AI is possible with limited capital.
Open Source Disrupts AI
- Open-source models and the rise of model routers have disrupted the dominance of large foundation model companies.
- Choice and competition in models now prioritize product, sales, and user feedback over model monopoly.