Vince Hankes

10 statements across 1 episodes · 0 bullish · 3 bearish · 1 people on the record · first statement May 3, 2023 by Vince Hankes · said 9 times in 4 episodes since 2023 · across every show →

On the record as a speaker too: Vince Hankes's record, appearances and statements → this page counts the times other people say the name.

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brought up most by Harry Stebbings (9)

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Everything said about Vince Hankes, oldest first

May 3, 2023 bearish
Opinion
Hankes: VCs Should Withhold Capital Until AI Product Value Becomes Clear
“If you're really answering that question, you're struggling because you think in two weeks from now, there's a chance that the customer doesn't care or the product won't have any value. Well, that's hard to build a company around. And so in any of those enviro…”
Vince Hankes May 3, 2023 ▶ 32:50 Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings
May 3, 2023
Insight
Hankes: Building Trust With Founders Requires Extreme Predictability
“Trust with founders is actually just being very predictable. People want to not feel like they're getting surprised by how you're thinking. They want to understand how you think, how you're going to react and feel like, you know, they understand you.”
Vince Hankes May 3, 2023 ▶ 7:38 Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings
May 3, 2023
Insight
Hankes: Investors Over-Extrapolate Good Times and Under-Extrapolate Bad Times
“In good times, people over extrapolate in bad times, people under extrapolate.”
Vince Hankes May 3, 2023 ▶ 9:38 Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings
May 3, 2023
Insight
Hankes: Only Customer and Product Questions Matter for Any Company
“There's only two questions that matter for a company. Who is the customer and what is the product? And you'd be shocked at how many folks can't really answer that question with clarity.”
Vince Hankes May 3, 2023 ▶ 0:00 Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings
May 3, 2023
Disclosure
Hankes: Tiger Global Passed on Canva by Misapplying Enterprise Software Metrics
“When I was at Tiger, I flew out to Sydney and spent a bunch of time with the Canva team in person. And, you know, it's obviously now people know about it. It's a remarkable company at the time. It was much smaller than it is now. And At the same time, we were …”
Vince Hankes May 3, 2023 ▶ 46:05 Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings
May 3, 2023
Insight
Hankes: Rigid Metric Pattern-Matching Causes Major Venture Capital Mistakes
“You can't walk in biased about what you're looking for out of the metrics of a company or what the product should result in in metrics. You should walk in and try to have a very open mind and say, do these metrics explain the qualitative of the business that I…”
Vince Hankes May 3, 2023 ▶ 47:30 Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings
May 3, 2023
Insight
Hankes: Iconic Companies Always Get Priced Ahead and Look Cheap Later
“No iconic company, you know, at least that we've been a part of, was it clear and obvious in the early days of that technology, they always get priced well ahead. And they look cheap in hindsight because they defy the gravity of the model.”
Vince Hankes May 3, 2023 ▶ 39:01 Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings
May 3, 2023 negative
Opinion
Hankes: Early AI Startups Were Thin Wrappers Around Underlying Models
“Many of these companies and we spent a bunch of time with them and we kind of kept coming back to the fact that they were thin user experiences on top of this cool thing, which was this model”
Vince Hankes May 3, 2023 ▶ 14:40 Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings
May 3, 2023 neutral
Assertion Not checkable as stated
Hankes: Best AI Talent Remains Heavily Clustered in Big Tech
“If you think about where the best talent in AI is right now, I think it's OpenAI, And then I think you'd, everyone would tell you it is Google and Facebook and Microsoft and Amazon. And maybe there are folks that have kind of dripped their way into the startup…”
Vince Hankes May 3, 2023 ▶ 25:18 Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings
May 3, 2023 bearish
Opinion
Hankes: AI Startups Will Struggle to Compete With Fast-Shipping Incumbents
“And so if you're a startup, I get that you have the advantage of speed, but you need a multi-year execution window to be able to take advantage of all that product you can ship quickly. If these big companies are able to ship this quickly, they've got so much …”
Vince Hankes May 3, 2023 ▶ 26:29 Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings
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