Delangue: Fundraising Difficulty Depends on Momentum, Not Company Stage
Clément Delangue · Clem Delangue: The Ultimate Guide to Investing in AI; Elon's Threat to Sue OpenAI | E1013 · 20VC with Harry Stebbings · May 12, 2023 · at 50:42
Clem Delangue is the co-founder and CEO of Hugging Face. He discusses misconceptions about fundraising ease at later venture rounds.
0:00 / 0:25exact quote · 25.9s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Something I didn't expect is that the way you raise Isn't so much dictated by your stage and your rounds. That's more dictated by the situation that you're in, in terms of traction, in terms of momentum, in terms of like achievements, right?”
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 Clément Delangue
Delangue: No Single AI Model Will Dominate Because AI Resembles Codebases
“In the simplistic terms, the model or like AI is like a code base, right? It's a bit different, but at the end of the day, it's a code base, right? And so it's kind of silly to say, oh, this code base is better than this code base, or there's going to be one c…”
Delangue: Using AI APIs Is Like Building Websites on Squarespace
“The analogy that I sometimes like is that on the early days of the web, you could use kind of like something that would Create a website for you, right? You could use the equivalent of a Squarespace or for weeks, and that would make you feel good, right? Becau…”
Delangue: AI Is Far From Becoming Autonomous or Humanity-Destroying
“I believe at the same time, we are very far from a world where AI is autonomous. And has conscience and is taking over the world and destroying humanity. I think this is more fear that is very sci-fi driven that we're very far from.”
Delangue: 95% of a VC's Value Is Financial Capitalization and Support
“Investors are first and foremost investors, right? Meaning that their main value add is to deal around To help you on financial matters. So for example, when SVB go down, right? And then to help you to always capitalize the company the right way. So they're, i…”
Delangue: VCs Should Not Act Like Operators or CEOs
“They sometimes act almost as CEO or, like, operators for companies. Which in, in my opinion is, is not really their job. And worse than that, I feel like sometimes entrepreneurs are building companies for investors and investors are behaving like entrepreneurs…”