The Ledger
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Heitzman: FirstMark sees no sustainable consumer AI startups, only ChatGPT wrappers
“So we've found sadly, that, you know, we haven't seen this wave of startups that we believe are sustainable. So there's actually been a handful of startups that are Wrappers on ChatGPT that are maybe a little bit better at travel. They might be a little bit be…”
Heitzman: AI will replace 80% of routine legal associate work
“Probably 80% of all legal work is, this is Rick, he needs a will. This is, you know, here is a first mark company that's going through a series A financing. Can you just reproduce documents given these are the founders, these are the issues, and here's the ter…”