EUVC
E369 | EUVC | Roundtable discussion on investing in culture and creative tech - deep dive on AI and the future of music
Oct 17, 2024
In a vibrant discussion, Oliver Holle, a seasoned venture capitalist, joins Severin Zugmeyer, who specializes in culture startups, alongside Hazel Savage, a music AI expert at SoundCloud, and Uli Schmitz, a digital media innovator. They delve into the investment landscape of creative tech, revealing the growing role of AI in music creation and the legal hurdles facing generative platforms. The panel highlights Europe’s unique position in nurturing creative talent amid funding challenges, showcasing how innovation can reshape the future of music and cultural industries.
56:01
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Quick takeaways
- Investing in the cultural and creative industries offers significant opportunities due to limited competition and a unique differentiation from sectors like climate tech.
- The integration of AI in music and creative tech presents both innovative potential and legal challenges, necessitating an ethical discourse on its use.
Deep dives
Opportunities in Creative Industries
The discussion emphasizes that the cultural and creative industries are often overlooked in the venture capital landscape, despite having significant potential. Investment professionals like Severin believe that a dedicated focus on this sector could yield fruitful outcomes, as evidenced by major VC portfolios containing 8% to 10% of companies within these industries. He points out that while there are many funds targeting climate tech and health tech, the creative sectors present a unique opportunity for differentiation, given the limited competition. With a growing interest in AI and community-based platforms, there seems to be a renaissance in this space that could lead to new consumer successes.
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