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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: GV's Tom Hulme on Why Investing in Foundation Models is like Investing in "Power Stations", The Conventional Wisdom in VC that is BS & Lessons from a 24x Angel Track Record, 255x on Robinhood and Making Billions on Uber

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

NOTE

Experience Over Technical Strength in AI Investments

Investors are focusing too much on the technical strength of individuals when investing in AI, neglecting to inquire about the founders' experience in commercializing businesses, iterating quickly, and creating value. Researchers in renowned companies like DeepMind and Meta may be highly intelligent, but transitioning to successful and profitable businesses requires more than technical prowess. In a rapidly evolving industry like AI, the ability to execute, iterate, and adapt quickly is crucial for long-term success.

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