Prediction certainty 4/5 debate potential 1/5

Alex Mittal expects APIs to unlock complex compute power and data for developers

Alex Mittal · 20VC: How Every VC Firm Is A Marketplace, Why A Large Amount of Promise in AI Today Is Impossible & Entrepreneurs 3 Main Pain Points of Fundraising with Alex Mittal, Founder & CEO @ Funders Club · Mar 22, 2017 · at 24:59

Alex Mittal is the Founder and CEO of FundersClub. He compares APIs that offer complex machine learning and data power, like Google Cloud Vision API, to remote GPU streaming.

0:00 / 0:41exact quote · 41.8s
720p mp4 · rendered on demand · StarZero watermark
“The other is actually fundamentally, we're seeing the exposing complex, like computing capabilities and data that is inaccessible to most people through APIs. And so like by analogy, if you're at CES, like NVIDIA announced this cloud gaming service, which is not an API, by the way, but using their expensive GPUs to stream games to consumers who have computers that are incapable of running the latest, fanciest, you know, games. And it's kind of that thing. So like Google has a, the cloud vision API, for example, where a normal developer would have no access to that, that extent of data and potentially computation power to be able to recognize images and classify them, for example. And so we'll continue to see more in that area as well.”

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 Alex Mittal

Opinion
Alex Mittal: Many AI startups promise what is fundamentally impossible
“The bad news is that I believe we're in a point in time where, and this is, you know, I think I mentioned that this is like blasphemy for me to say as a VC, given, you know, AI is sort of hot right now, but we're in an era where what is being promised by a lot…”
Alex Mittal Mar 22, 2017 ▶ 13:56 20VC: How Every VC Firm Is A Marketplace, Why A Large Amount of Promise in AI Today Is Impossible & Entrepreneurs 3 Main Pain Points of Fundraising with Alex Mittal, Founder & CEO @ Funders Club
Insight
Alex Mittal: Current AI is fancy data processing, not true intelligence
“This is, like, more fancy processing of data that leads to more cases where you can automate things that previously were not automatable, but it's not intelligence.”
Alex Mittal Mar 22, 2017 ▶ 17:42 20VC: How Every VC Firm Is A Marketplace, Why A Large Amount of Promise in AI Today Is Impossible & Entrepreneurs 3 Main Pain Points of Fundraising with Alex Mittal, Founder & CEO @ Funders Club
Opinion
Mittal: Most tech VCs do not understand brand-based investing
“But I believe that most technology VCs don't understand that because we invest in technology and technology differentiation. And so I think you can get in trouble when you Start changing when your actions are separated from your strategy and knowledge base.”
Alex Mittal Mar 22, 2017 ▶ 23:15 20VC: How Every VC Firm Is A Marketplace, Why A Large Amount of Promise in AI Today Is Impossible & Entrepreneurs 3 Main Pain Points of Fundraising with Alex Mittal, Founder & CEO @ Funders Club
Prediction Partly held up
Mittal: Senate legislation will allow non-wealthy people to become accredited investors
“There's revolutionary almost legislative changes happening right now in the Senate, for example, that will, for the first time in history, in U.S. History, make it possible for people to qualify as accredited investors outside of just being wealthy.”
Alex Mittal Mar 22, 2017 ▶ 28:52 20VC: How Every VC Firm Is A Marketplace, Why A Large Amount of Promise in AI Today Is Impossible & Entrepreneurs 3 Main Pain Points of Fundraising with Alex Mittal, Founder & CEO @ Funders Club
Insight
Mittal: Every VC firm functions fundamentally as a marketplace
“Every VC firm is actually, to some extent, a marketplace. You've got limited partners. Those are typically institutional or very well-to-do investors. You've almost like the market makers in the middle. And then of course you have the founders, the entrepreneu…”
Alex Mittal Mar 22, 2017 ▶ 3:47 20VC: How Every VC Firm Is A Marketplace, Why A Large Amount of Promise in AI Today Is Impossible & Entrepreneurs 3 Main Pain Points of Fundraising with Alex Mittal, Founder & CEO @ Funders Club
Insight
Mittal: Repetitive fundraising pitch shows distract founders from building their businesses
“The repetitiveness of the process. You're literally going through the same, I guess, pony show over and over again. And sometimes like as an entrepreneur, like you can get addicted to this. Like sometimes it's cause it's exciting to tell your vision and story …”
Alex Mittal Mar 22, 2017 ▶ 7:12 20VC: How Every VC Firm Is A Marketplace, Why A Large Amount of Promise in AI Today Is Impossible & Entrepreneurs 3 Main Pain Points of Fundraising with Alex Mittal, Founder & CEO @ Funders Club
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.