The AI Startup Litmus Test
The whole point here is that just because you see that a new form of technology is a helpful tool to increase the speed of iteration, it doesn’t mean you can make money from it. The global economy is based on the exchange of goods and services between OTHER PEOPLE. This means that other people are using the same tools you are.
By this time, every si
... See moreCapital Flows • AI & the New Age of Learning
For technology companies, these are often technical features, but unique attributes could also be things like your delivery model (such as installed on-premise vs. software as a service), your business model (think Rent the Runway upending retail by leasing instead of selling special-occasion wear) or your specific expertise (perhaps you have a doz
... See moreApril Dunford • Obviously Awesome: How to Nail Product Positioning so Customers Get It, Buy It, Love It
We have this concept, invest in strength versus lack of weakness. And at first that is obvious, but it’s actually fairly subtle. Which is sort of the default way to do venture capital, is to check boxes. So “really good founder, really good idea, really good products, really good initial customers. Check, check, check, check. Okay this is reasonabl
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