Cris Valenzuela

12 statements across 1 episodes · 1 bullish · 3 bearish · 1 people on the record · first statement Aug 28, 2023 by Cris Valenzuela · across every show →

Everything said about Cris Valenzuela, oldest first

Aug 28, 2023
Insight
Cris Valenzuela says being an outsider drives creativity by merging disparate domains
“I think being a, an outsider is both a blessing and a curse in the sense that it allows you to really reason from first principles. You discover everything and ask yourself why a lot. At the same time, you take longer than other people because you're just expe…”
Cris Valenzuela Aug 28, 2023 ▶ 4:19 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
Aug 28, 2023
Assertion Not checkable as stated
Cris Valenzuela Built a Neural Network From Scratch Before Starting Runway
“What I did before trying anything was I built from the ground up a neural network every single layer, every single function, activation function in between I curate the dataset, I train the model, and I built everything that I, Could get me a sense of how the …”
Cris Valenzuela Aug 28, 2023 ▶ 8:48 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
Aug 28, 2023 neutral
Insight
Cris Valenzuela claims investor help rarely makes a difference in startup success
“The role in the investor is not to build a company. It's to trust that you will build a company and that you will build a generational product, and so I think they help sometimes. They might help you with intros and with other things, but it's not gonna make a…”
Cris Valenzuela Aug 28, 2023 ▶ 39:22 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
Aug 28, 2023
Insight
Cris Valenzuela says generative AI assumptions shift immediately upon public release
“There's so many assumptions that you might think about how these models actually work, But the moment you put them out, most of those assumptions are going to be changed”
Cris Valenzuela Aug 28, 2023 ▶ 10:54 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
Aug 28, 2023 negative
Disclosure
Cris Valenzuela says Runway rejected OKRs despite investor recommendations
“At some point we thought, oh, we need, like, OKRs and systems because some, an investor told me once that that's the way companies do it. We tried and I was like, this is no. Why? This is the worst thing you can do right now. It's like, you don't need this.”
Cris Valenzuela Aug 28, 2023 ▶ 36:07 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
Aug 28, 2023 neutral
Assertion Not checkable as stated
Runway Updates Generative AI Models on a Weekly Cadence
“These days it's on a weekly cadence.”
Cris Valenzuela Aug 28, 2023 ▶ 25:04 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
Aug 28, 2023
Disclosure
Cris Valenzuela says over-indexing on credentials was his biggest hiring mistake
“A lot of the mistakes I've done in the past on hiring is that we focus too much on credentials or past experiences or people who came from all these lofty universities or companies and not on the folks who were hungry and who just wanted to do things.”
Cris Valenzuela Aug 28, 2023 ▶ 31:04 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
Aug 28, 2023 negative
Insight
Cris Valenzuela argues AI models are not moats, but learning speed is
“I think models are not a mode. Models eventually don't matter. What matters most is the people building those models, and how fast can you change and learn from those models?”
Cris Valenzuela Aug 28, 2023 ▶ 25:20 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
Aug 28, 2023
Insight
Cris Valenzuela says building a business never gets easier for founders
“It doesn't get easier. You get more used to the pain.”
Cris Valenzuela Aug 28, 2023 ▶ 51:01 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
Aug 28, 2023 negative
Prediction Not checkable as stated
Cris Valenzuela predicts no single AI model will dominate the market
“I don't think there's going to be a single model to rule them all.”
Cris Valenzuela Aug 28, 2023 ▶ 24:12 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
Aug 28, 2023 neutral
Disclosure
Runway has proprietary generative AI models it may never open source
“And at the same time, we have more proprietary models as well, then we might never open source.”
Cris Valenzuela Aug 28, 2023 ▶ 29:05 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
Aug 28, 2023 positive
Disclosure
Runway rejected a term sheet over a misaligned vision with the investor
“I had an investor that gave us a term sheet and we have them describe what Runway was, and we're like, that's not what we're doing. Just, I love your term sheet, beautiful valuation, everything else, but I don't wanna, that's not gonna work. I don't think we'r…”
Cris Valenzuela Aug 28, 2023 ▶ 38:30 Cris Valenzuela: AI Creators vs Hollywood Writers; How We Grew Runway into a $1.5B Company | E1054 · 20VC with Harry Stebbings
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