Systrom: Investing in industry verticals is 'BS' compared to team quality
Kevin Systrom · Kevin Systrom & Mike Krieger: The Founders of Instagram Reveal their New Project "Artifact" | E981 · 20VC with Harry Stebbings · Feb 22, 2023 · at 44:55
Instagram co-founder Kevin Systrom challenges traditional venture capital strategy in a discussion with 20VC host Harry Stebbings, asserting that sector trends matter far less than founding teams.
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“This is gonna be heresy to a VC's ears, but like, I think investing in verticals and spaces is BS. Like, yes, in general, generative AI is gonna produce something pretty cool, Like, yes, the stuff, like, these verticalized, like, the sharing economy, it's like, okay, cool. That was a while ago, but I'm just naming these trends that have come and gone throughout the years. A hundred percent of this is team. A hundred percent.”
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