Hankes: AI Startups Will Struggle to Compete With Fast-Shipping Incumbents
Vince Hankes · Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings · May 3, 2023 · at 26:29
Vince Hankes, Partner at Thrive Capital, addresses the competitive dynamics between AI startups and established tech giants.
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“And so if you're a startup, I get that you have the advantage of speed, but you need a multi-year execution window to be able to take advantage of all that product you can ship quickly. If these big companies are able to ship this quickly, they've got so much distribution, so much talent. I just think it's gonna be very hard to compete with them.”
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