Longevity of Innovation and Revenue Traction in Challenging Areas | 1min snip from "Turpentine VC"

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E44: How Benchmark Invests in AI with Eric Vishria and Quilter Founder Sergiy Nesterenko

"Turpentine VC" | Venture Capital and Investing

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Longevity of Innovation and Revenue Traction in Challenging Areas

The longevity of innovations in solving challenges is uncertain, as some solutions may not last long. Vertical companies show fast revenue traction but face concerns about durability due to the quick replication by competitors. This raises questions about the sustainability and long-term success of these solutions.

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In today's episode, we discuss Benchmark's investment philosophy in the AI era with general partner Eric Vishria, and Sergiy Nesterenko, the Founder and CEO of Quilter. Sitting in for Erik Torenberg as host is AI Scout and Cognitive Revolution host Nathan Labenz. They cover the questions that Benchmark asks to determine whether a new company is solving an enduring or temporary problem, and the reasons why Benchmark hasn't invested in a foundational model to date. They also discuss the innovation behind Quilter's groundbreaking use of reinforcement learning to automate integrated circuit board designs. They delve into the importance of thinking beyond 'co-pilots' to fully automated AI solutions, and explore the balance of research and engineering in the AI space.

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This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.

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LINKS:

Automating Circuit Board Design Using Reinforcement Learning w Sergiy Nesterenko, Founder of Quilter:

https://www.youtube.com/watch?v=XXH-KtwcevQ&ab_channel=AutopilotwithWillSummerlin)

Chris Dixon’s The Idea Maze:

https://cdixon.org/2013/08/04/the-idea-maze

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@eriktorenberg (Erik)

@ericvishria (Eric)

@sergiynest(Sergiy)

@turpentinemedia (Turpentine)

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