Quinn: AI tools will save users two to three hours per day
Nicole Quinn · Roundtable #6 with Rebecca Kaden, Nicole Quinn, Eurie Kim, Harry Stebbings | E1083 · 20VC with Harry Stebbings · Nov 17, 2023 · at 24:23
Nicole Quinn, General Partner at Lightspeed, explains her thesis on how AI application software automates personal and business administrative tasks to save users hours of time.
0:00 / 0:50exact quote · 50.1s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“I would say AI is akin to winning the lottery. And what I mean by that is it is the lottery of time. So in your, like, say, 10 hour working day, you spend maybe an hour writing a newsletter. Well, that could get compressed down to 10 minutes, right? You have Beehive's newsletter platform and use their AI and, you know, you can just do it in a fraction of the time. You don't have to spend the same time on your customer support. Your operations is made much more efficient. You then have an AI chief of staff or an EA or a family planner and It's incredible. Like we can't all afford to have family EAs, but hey, if you're paying like 10 dollars a month with AR, you definitely can. They can take so much off your plate. So you suddenly wake up and you have two or three hours extra in your day that you did not have before. It is like winning the time lottery.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Nicole Quinn
Nicole Quinn: TAM is unimportant because great consumer companies create markets
“So this is contrarian, but I actually don't think that TAM is very important. The greatest consumer companies of our time have been created in very small markets.”
Quinn: OpenAI's app store will become a major new search channel
“If OpenAI really do the, like, app store of AI, then that's gonna be, like, a new search.”
Quinn: Startups should accept significant down rounds over structured deal terms
“I would much rather take a significant down round than having structure on that. And so that's what I'm really encouraging our portfolio companies to do.”
Quinn: Startups die more often from indigestion than starvation
“Companies die from indigestion rather than starvation.”
Quinn: Venture investors will return to syndicate co-investing across rounds
“I think we spent far too many years with the multi-stage funds and then suddenly realizing, wow, now I'm the only one on the cap table. There's no one else to turn to. There's no one else around to like help support this company with me. And so I think we're g…”