Khachab: Reaching a $1B valuation weakens startup urgency and attracts safe players
Daniel Khachab · Daniel Khachab: "We Are in the Middle of a Cold War for AI Talent" | E1220 · 20VC with Harry Stebbings · Oct 28, 2024 · at 44:34
Daniel Khachab is the co-founder and CEO of Choco. He discusses the cultural pitfalls Choco faced after crossing a $1 billion valuation.
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“Now the real downside to me is that it's at one billion mark, because once we become unicorn and people think, oh, we've made it. Like we've done, we, we're great now. Kind of people get less hungry. And then you get applications of people who look for a safe space to work.”
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“In Europe today, We're not producing the chips. We're not producing the energy. We don't have the foundational layer models. So in that sense, these countries that don't possess those three elements are not really sovereign countries when it comes to AI.”
Khachab: Europe should subsidize TSMC and NVIDIA instead of Intel
“First of all, Intel is the wrong company to fund. So the first step you ask me is like, put it to the right company. Put it to Taiwan Semiconductor. Put it to NVIDIA. People that can actually produce GPUs.”
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“Look, there's certain heavily regulated industries, and I don't know them very well, but I'm sure eventually they're at a disadvantage. But that doesn't hold, for example, for most of SaaS, and also neither for most of marketplaces.”
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“So I think status quo, we have to be short. Government is just, yeah.”
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