1min snip

More or Less cover image

#51: Vinod Khosla on What to Build in AI

More or Less

NOTE

Investing in AI: Real Venture Capitalists vs Asset Managers

The speaker believes that big companies will profit from AI technology, but criticizes asset managers for investing in AI solely for its popularity. They commend the person being talked to as a real venture capitalist who invests their own money, emphasizing the importance of caring about returns when investing with personal funds. The speaker, a seed investor, points out that they have never taken fees in the 20 years of their firm's existence, highlighting their commitment to investing in seed stage companies.

00:00
Speaker 2
Is you might have guessed or maybe not. When Britt was referring to the AI skeptic as an investor, that's me. I didn't want to call you out. I'm a huge believer that the big companies are going to make an incredible amount of money on this technology. But as a seed investor, we're mostly seed investors on this call, I think what you're happening in the investment market is you're seeing a bunch of what I'll call not real venture capitalists, but asset managers plowing money into AI because it's easy to plow money into AI. And then you're seeing, and I give you a lot of credit for this, because I know you actually, I consider you a real venture capitalist. And I know you actually deploy a lot of your own money, right? Unlike a lot of these other firms, you actually care about returns, because it's actually your money, as opposed to other people's money. Only real venture capitalists on the more or less. By the way, since I started the
Speaker 1
firm 20 years ago, I've never taken a dollar in fees. There you go. Oh,
Speaker 4
really? I didn't know that.
Speaker 1
It's like we don't make money on fees. This is...
Speaker 2
Yeah. That's why, again, I have a lot of respect, is you're a DPI guy, not an AUM guy. Yep. But again, you actually invest across the spectrum, right? And my kind of thing has been at the extreme of the seed investing.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode