How to use language models to reduce costs in private equity

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Technology waves have different subsets of value that are captured by incumbents and startups.
For example, the first internet wave was dominated by startups, while the second internet wave was dominated by incumbents.
Mobile was dominated by incumbents, while crypto was dominated by startups.
Language models are likely to be dominated by incumbents in the future, as they have been in the past.
There are few interesting companies in each market, so it is important to identify the index companies for each wave.

In the 49th episode of the Logan Bartlett Show, Solo Capitalist and angel investor Elad Gil joins to discuss working at Twitter vs Google, the myths of Silicon Valley, the best cities for start-ups in 2023, and the worst advice given to founders.

(00:00) Intro

(01:59) Welcome Elad Gil

(11:24) Working at Twitter vs Google

(12:48) Find your network

(14:55) Why do certain people have so much longevity?

(16:36) Angel Investing areas

(21:34) Finding Stripe in the early days

(25:19) What makes a good product market?

(28:18) Myths of Silicon Valley

(32:42) Decision-making process today vs back then

(35:22) Defining post-market fit

(40:05) Silicon valley lore of grinding is wrong

(46:19) Moving the needle

(49:01) Other silicon valley myths that aren't true

(56:06) Best cities to create a start-up in 2023

(1:02:02) Excitement for AI and other interesting new tech

(1:13:10) What's going on with Twitter?

(1:18:25) Two Modalities for long term success

Mixed and edited: Justin Hrabovsky

Produced: Andrew Nadeau and Rashad Assir

Executive Producer: Josh Machiz

Music: Griff Lawson

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About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.

Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA

🎙 Listen to the show

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-logan-bartlett-show/id1606770839

Spotify: https://open.spotify.com/show/5WqBqDb4br3LlyVrdqOYYb?si=3076e6c1b5c94d63&nd=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9zb0hJZkhWbg

🎥 Subscribe on YouTube: https://www.youtube.com/channel/UCugS0jD5IAdoqzjaNYzns7w?sub_confirmation=1

Follow on Socials

📸 Instagram - https://www.instagram.com/theloganbartlettshow

🐦 Twitter - https://twitter.com/loganbartshow

🎬 Clips on TikTok - https://www.tiktok.com/@theloganbartlettshow

About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.