Basu Trivedi: Massive AI foundation model seed rounds make no sense
Nikhil Basu Trivedi · Nikhil Basu Trivedi: Why 99% of AI Investments Will Go Bust | E1057 · 20VC with Harry Stebbings · Sep 6, 2023 · at 14:38
Nikhil Basu Trivedi, co-founder of Footwork, critiques massive seed valuations in the AI sector with 20VC host Harry Stebbings.
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“We don't think that the foundational model investments that, for example, they're raising hundreds of millions of dollars in a seed make any sense. They don't make sense for sure for our firm, but we don't think they actually make much sense for the big funds either.”
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