AI

“We think we've positioned ourselves really well for AI and some of our traction coming together, so probably doing a fundraise, but”

“And so I think it undersells the vision a little bit because AI is such a transformative technology. I think we can go even beyond a Bloomberg terminal suite of dashboards, maybe even like proactive policy recommendations and evaluation.”

“AI, is they're collecting data and public and public information to do very targeted spear phishing, right? And email and things like that. And that is occurring. And it's, or we say that it's very clear that AI is helping those attackers in those cases. So I …”

“We haven't seen really any, I say evidence, right? Or of cases that are occurring now where that they're using AI to do very complex or compound attacks and surveys. We haven't seen that yet.”

“Is that saying that we're going to use AI to find zero days in source code? We just haven't seen quite the evidence of yet, but we should still be very suspect that it will occur in the future.”

“AI is going to ultimately disrupt how attorneys bill for their time because AI is going to be that powerful in the years to come, and I think that's true”

“Last time I gave that type of presentation, I was amazed at how few hands went up when I asked how many attorneys are using Scribe, not scribe, but using AI in their firm currently, and it was less than 10%.”

“And what people don't talk about a lot in ventures, sometimes you don't necessarily get the product market fit. The market comes to you. And we just saw that with AI, where the market has changed, like the trend has changed a lot. And suddenly a bunch of compa…”

“Particularly in software AI has just made the cost of the build much cheaper. And that offsets increases in the cost of capital, particularly in our model, because What we're investing is correlated so heavily to the initial product build. I think it's a real …”

“Basically, right now, you can look at where AI is going and see that lots of jobs are being displaced. If you have software that is serving the people that are being displaced, you're likely to not be renewed.”

“There's a huge opportunity at the intersection of AI and blockchain, so that's one of our themes for our second fund as well.”

“A lot of the companies I see that are using AI in their core product and are, I would call it cheating a little bit. They just integrate with the open AI API and they're not doing much really innovative inside the product with that AI, but they are using it so…”

“The exception to that is colleges and universities, and there, AI is an urgent problem. It is in the classrooms because of student adoptions. Faculty have to do something about it. They want to do it now”

“By and large, AI is a nice to have. It's not a need to have right now, right? Whatever you're doing before AI, you're doing without AI. And so there's very little, maybe not anything at this point, that can't be, that you need AI for.”

“We've heard that they have a hundred individual AI projects going on right now. Right. But certain in skunk works in various shape, manner, and forms, and some are public and some are not”

“And it's been arguably a 40% of healthcare investments and startups have AI associated with them.”

“And so we're launching AI chat events where the students at college don't actually have to run the event or the counselors don't have to run the event. The AI can run the event for you.”

“When I was working for Akam, I even had a paper being presented in a top networking conference from it being implemented. Typically, till it was like mass, you know, it went into mass commercialization. Typically take two to three years till it was deployed in…”

“I think the, I mean, unless it's really, really unique deep tech it's a spectrum. It's less shifted towards code that you have built versus again distribution or how do you approach the market? It's not a hundred percent that, but I think it going towards that…”

“For instance, if I have scripts that need to be doctored, right? And even for my film contracts, I just upload the contract and think, just find out the loopholes, right?”

“Because AI is helping startups build so much quicker it's turning into like these cycles of innovation and disruption are so much faster.”

“It feels like AI is raising the bar on an early stage startup on what they can do, what they can accomplish. And so it's making us be very selective in the investments we make because in three months we might be disrupted by something new.”

“Like there's a company that I invested in last summer, and we knew it that it would be more of a land grab, kind of a, like a race type of opportunity for the company. I think they had two or three formidable competitors when we made the investment. We picked …”

“Personalized medicine is one of those things where it's a knowable fact. AI is one of the tools that will unleash that pattern matching for amounts of data sets, and we see it all the time in our companies. So many of them have to have thousands of samples to …”

“DigitalDX is a pre-seed, seed investor. We focus on the intersection of AI and healthcare, and our main focus for an investment perspective is early non-invasive detection of large-scale diseases, cancers, Infectious diseases and cognitive diseases like Alzhei…”

“Part of what I see happening, and I don't necessarily think it's going to be a bust, but I do feel like there's going to be a much more verticalized focus on where AI helps the productivity the most”

“I think we're in the first phase where these Big LLMs are getting most of the airspace because the productivity is so tangible right now.”

“One in five of Y Combinator's most recent class, their entire code base was generated by AI completely.”

“We're using AI to do a lot of promotional work, which was taking up the artist's time unnecessarily. Now a lot of that can be done by AI. We're using AI for translations, and that's really sped things up.”

“Today I'm doing one tinkle a month because that's all we can create in terms of our bandwidth, in terms of the market dynamics, in terms of everything. This is one seems to be, 12 issues a year seems to be a good number. Right. But if AI can help us and can he…”

“If you're not saying AI you're probably not going to get an audience, but having said that, everything and everybody is trying to tie AI into something.”

“You can now with a couple second delay, make that four K using AI. You can really resolve the upscale, the image quite effectively, but in real time where you really have minimal acceptance of latency, that's very tough.”

“You may actually be better off starting with professional services, hardware, an existing business, and then asking, you know, Hey, How do I leverage this existing cash flow to do things better? The irony of it is, is your odds of success are probably higher. …”

“I think one of the interesting things about our job is, is there an opportunity to invest in companies that look boring and then make them tech companies? And that's very different. I don't think a lot of people are saying that they're mostly sort of saying, o…”

“Almost all the players in the market are applying AI to that same approach. Right, so they're taking some approach of effectively brute force and applying AI to help the translation.”

“Especially in more traditional industries, you go in and you lead with AI, you completely lose the plot because in the best forms of AI, in our opinion, are those that are actually invisible.”

“With 20, 30 people, you can, you Build multi-million dollar revenue businesses today, because, you know, you can deploy AI in various aspects of what they're doing”

“I would anticipate in time that we see an improvement, but that it will never necessarily eliminate the need for a human in the loop because it can be difficult to discern intent, and so you need someone to QA results.”

“We haven't spent as much time in it necessarily because of what I mentioned that, you know, through our deal by deal model, we're not necessarily playing that same sort of power law focused venture game that many of the large funds are. So we're trying to be a…”

“Industry-wide, I think, what was it, last quarter, it was something like 70% of the deals were AI deals, I think, so, you know, you could probably argue that, The venture industry has kind of become AI all the time.”

“We think that AI is going to kind of enable sort of this next generation of capital efficient founder that can take a small amount of money, Generate lots of traction.”

“And again, thanks to AI I think there are serious contenders and challengers, challengers to Google coming up.”

“We use AI every single step in our process from the initial call that we have with the founder To, we actually do have kind of a proprietary trading or not trading, but rather a proprietary grading formula that we have for the founders that we run after every …”

“So if you think about AI, we think about nuclear fusion or, you know, a lot of different areas of research that have translated into really outsized returns for investors. They probably have originated from university or at some point touched the university in…”

“Over a period of time, and let's say 20 years from now, you'll have very small content which will be labeled as made by humans. Which will become very precious. Hey, this is actually made by humans. So you will create a premium on that content.”

“Human-led experiences, human-led content will become a premium, and then content which is long-form, which again creates a premium, that somebody has the audacity to spend money and invest time and effort and money and resources to create something long-form, …”

“We invest in AI literacy, meaning that everybody on our team know how to use AI for, you know, any tests that they are involved, not just the deal team, investment team, but also operation team, fundraising team as well.”

“I don't think that the AI can fully, you know, replace human. We always have to have the human look into it. And even everything I'm doing right now is always have to have somebody reviewing it.”

“The idea that we're going to automate the sales process with, You know, AI sending emails and LinkedIn messages and automatically converting to self-service customers. I just, I don't see it. And I think that's kind of a road to failure and at least in kind of…”

“So we see it as banks doing more deals with the same number of bankers than banks doing the same number of deals with fewer bankers.”

“So what is creativity? It's all I would say iterations on patterns, and whether it's farm AI or humans, right, and nothing existed historically in a vacuum, so even bouts of human creativity were all based on past learnings, and so arguably creativity is overr…”

“I think there will be a need for human authenticity, right? So you'll have like your AI products, but then you'll have, oh, this scarf is human made. It's handmade, right? And so in the same way we as humans today, we attribute like greater value to an origina…”

“I do think this is more of a momentum shift and a more permanent shift versus something that's going to swing back and forth.”

“Because AI is only as effective as the data it's trained on. AI is only as effective as the workflow it's applied to. And those are all areas where CVCs can bring, ah, unparalleled and for even unfair advantages in the venture capital and financing landscape.”

“AI is going to liberate us from that cog in the wheel, that slave nature of work, and our identity needs to be much more than, you know, what we associate.”

“So the focus of CogniCorps and the co-pilot platform that we have created is enabling financial advisers to scale to more households, and probably reach around 70 to 80% of the household, you know, and AI can actually allow that hand-holding them Through the o…”

“We don't need to understand a lot of AI to be able to, you know I kind of lose my relevance now because I don't, we don't need AI scientists to work with AI systems or build AI systems and all that, so I, One of the places that I always recommend young people …”

“That's one of the concerns that I have with, you know, robot advising and all that, like, you know, while AI can do a lot of it, I think, you know, humans have certain abilities, certain compassion, certain Empathy that can, you know, package all of this. Like…”

“The electricity, the electric utilities are going through huge amounts of change, and especially with the waves of AI and crypto and so on, the needs that the grid has to be put through have fundamentally changed over the last five years, and will continue to …”

“And so, in the grand scheme of things, I just think that AI is going to do to white collar, like repetitive intellectual work, what machines did to physical work, which is we'll go 10 weeks less number of jobs, two weeks the output, and people are going to be …”

“We are not building power in the US nearly fast enough compared to what China's been doing, and if you want AI, you need power.”

“AI needs power. AI is hungry for power. And the rate limiter for AI is going to be how much electricity generation can we build?”

“But this is the stepping stone to democratizing the brain exercise with AI And to make it as routine and widespread as physical exercise.”

“I would say that FinTech and the mortgage tech this year, I've seen a huge difference, a change, a mentality change from, Hey, it may not be something that's even relevant to me to today saying, you know what? Fear of missing out. I have to get in. I have to s…”

“I think it's the entire product roadmap is AI at this point.”

“12 months ago, we looked in, saw there's around 28 primary product categories. And that meant that, you know, you could associate at least Half dozen vendors to each one of these product or product categories that were single product focused vendors, right? Fa…”

“We have today operators. Writing code without them even knowing how to write code because they're using AI on a day-to-day basis.”

“We are doing basically service that can be completely replaced or almost completely with AI.”

“One of the first things we did with AI was find leaks, intelligently find leaks in irrigation. And the only way you could do that was with AI and lots of data. But to the farmer, we don't advertise it as AI. It's just another tool to help save labor.”

“If a whole, if a human's now tasked with reviewing everything, we find a lot of times say you're doing a claims adjustment or underwriting an insurance place capacity, you would have where you're not making the value back because the person that's checking it …”

“AI is meant for predicting things where we don't have perfect knowledge, and so that's just a fundamental, you can see it as a limitation, but you also can see it as really, I think of it as a benefit of AI, because there are all kinds of algorithms that We co…”

“And so we're at such an early stage of this, right? We're at the, you know, web one dot O like not even web one dot O version of this. And people are still figuring out HTTP and you know, what a query parameter is, is like, I'm dating myself now, but like the …”

“And we think in the current conversation, the humans are going to be around for quite a while, and the humans are going to move into the role of orchestrators, and so as workstation becomes that single pane of glass, which I cannot say today, as workstation, s…”

“We know that the next wave of GCCs would be nonlinear manifestations. The output, work output, and the impact would not commensurate with the headcount that the GCCs have, right? They would be, you know, amplifiers that would be, you know, AI led, AI driven.”

“However, if you're trying to scale a trashy value proposition, or if you're trying to get a trashy value proposition to market, it's also accelerating the trashy part. So having proper conversations with potential customers is still key, because that's, I don'…”

“The level of deep listening, empathy, picking up nonverbal cues that expert can do in a session with you is not what AI can do today. It will do in a few years, but it can't do today.”

“One, because it is sort of such a dominant theme of early stage investing now that it seems to be crowding out other investable opportunities to be quite honest.”

“That means you have a giant black box and the giant black box nature of it is the reason that they hallucinate, make things up and behave in unpredictable ways.”

“When I go out, you know, five plus years, I realize that this is not really a tool. What's happening is we're having a technology that's more like an intelligent entity. It's more, it's closer to an alien intelligence than it is a tool, and this alien intellig…”

“I'd say 80% chance this technology is the best thing ever to come along, and it's really going to lift up everybody's standard of living. It'll make a lot of people a lot of money. It, it'll do great things for the environment. I mean, new, you know, life exte…”

“Everyone recognizes that, you know, what you would historically hire a consultant to do is in your back pocket. And if that remains the case, and all indications are that it will be, then what becomes a premium, and I think a large part of it is relationships.…”

“If we want to have AI give us amazing caliber stuff. It needs to be trained on amazing caliber stuff. So, and that will change over time because we'll start, you know, we'll, we'll start that reinforcement learning around better, better quality content.”

“I think it's generational. My personal, this is now just me and I'm not an expert on these things, but my thesis is the generation that got raised with Google at their fingertips much like the ones with AI at their fingertips. Why would you ask a human a quest…”

“I'm a supporter and I don't mean this politically, but the concept of universal basic income, which actually goes very nicely with an AI driven world where it's like, you know, my vision is something simple.”

“My opinion of what AI does for all of us is it brings us up to basically from incompetence to competent at anything it can do. So if you can't Photoshop. You know, you can now Photoshop, you can't do it as well as an actual designer, but now you can. If you co…”

“So computer vision is the optical nerve, the eyeballs of artificial intelligence. If AI is how a computer thinks, then computer vision is how the computer or the technology robots can interact with the physical world.”

“What we really are solving is that 85% of the world's GDP is in the physical world, and 90% of investment goes into knowledge work or AI behind the screen, so we are bridging that gap between the physical world where you're interacting with solid objects, or s…”

“A Dutch company Arcadis is trying to use AI to help a little bit decongest Bangalore roads. Yes, they are making progress, but because so many new vehicles get added to the road every year, that progress might not feel like it, but they show that you know Time…”

“If you don't do that, the likelihood is you probably won't turn fast enough, because I really do think that we've got about 24 to 36 months before that door closes.”

“I think that that entire conversation will be destroyed. Every investor I've ever talked to since the time I started in investments has talked about, like, do you have the product market fit? Do you have differentiation? Like, what's, how can you gain differen…”

“So after we made this pivot, we rebuilt our platform around AI. There was a good year where we were going out into sales calls and excitedly sharing the news about this new platform we had built. And it was crickets. Nobody interested in this.”

“Especially in this era of AI, where almost anyone can start a company, and there are so many ideas that are obvious. Not All of them. In fact, most of them won't be venture backable. There'll be too much competition. The valuations are too fully priced in.”

“This is the best time ever to start your own firm. Not necessarily the best fundraising environment, those things go in certain cycles, obviously, but the ability to raise capital, the ability to build a firm with having your back office taking care of your le…”

“In 20 years, I'm actually hoping I become an AI chatbot now, meaning I think that AI will be doing things that we can't even imagine all of us will need new jobs.”

“The human-like intelligence, obviously, I think it has been highly abuse. You know, people, you know, I think the systems haven't reached a stage where even AI system can even count five fingers in a hand. Yeah. So forget about the human like intelligence, rig…”

“I think the true unleashing potentially, like I said, in 2026 and onwards, when we have more mature systems and more processing power, I think that should definitely kick up speed in my mind.”

“We don't do software. We don't do AI. Like we're in the business of the physical world. So steel in the ground, that's who we are.”

“I think that the trust can also erode if the system becomes prescriptive, trying to protect you from yourself.”

“I actually do agree that the terms might be different, but the exhibited behavior is the same.”

“I would say the single biggest moat in the AI age that we are living in now, I think is actually going down the learning curve by making the effort.”

“AI is not really a thing because you said, right, it moves very fast and quickly gives you the answer. It's not trained to not give you the answer. It is actually trained to give you the answer. Anything you say, it'll give you the answer. So taming it to say,…”

“There are companies which I looked at, which said, well, AI hallucinates. So we are going to go do this. And my thinking is, by the time you go do this, AI will stop hallucinating.”

“So what really is happening is that the personalized access to can you solve my problem is becoming democratized. It had not happened before. Can you give me information got democratized, but can you solve my problem is now starting to get democratized.”

“Oh, the biggest myth about AI right now is it is actually giving you the answer. It is actually giving you what you want to hear.”

“The exam is trying to provide a little bit of a measurement of, it's an observation of what your current understanding, state of understanding and capabilities is to somebody else who's going to make some judgment based on that. But again, it's a sampling, rig…”

“Yeah, well, we go from next token prediction of information and knowledge to next token prediction of feelings and intention.”

“AI doesn't feel human. It's turn by turn. It kind of always collapses to being a helpful assistant.”

“If you give enough people a double-blind test of an AI, our AI specifically, controlling a Minecraft bot, and if over some, say, arbitrary threshold, 50, 60%, Actually get it wrong and think an AI is a human, you've passed a behavior turing test to some degree…”

“The tailwind is AI is deflationary. Question is, is whether or not the productivity that AI generates outpaces the inflation that's in the system. My sense is not only does it outpace it, I mean, it just becomes this massive tsunami. And I think if I'm general…”

“So just it being math doesn't mean anything. That's the truth of just words on paper too, but people are profoundly affected by reading the Harry Potter series or Lord of the Rings. It's just words on paper, but it stokes our imagination. The same thing can be…”

“AI has found that it's pretty, it's a pretty efficient tool across all of human knowledge to organize sentences. So all AI kind of uses it unless it's trained or specifically told not to do it.”

“I think some of the nervousness around is AI going to replace all of our jobs. One of the reasons it's not is because AI is not for free and you know, the tokens that support AI, the technology, the time that is needed, the engineering time. To build the agent…”

“We have AI days. We have hackathons. We encourage every single employee. To spend at least four hours a week on their own development around AI and leveraging AI tools, building their own agents, all of this experimentation that I believe is going to set up ou…”

“You know, we are interviewing and saying how AI enabled are you? Are you able to build your own app? Regardless of the role, even in my own, in the people team, I expect people to be AI forward and to have a good understanding of where they can use things.”

“We know from research that we've done, that 90% of organizations are leveraging AI. Where only 10% of organizations have, you know, a real understanding of identity around, ah, that AI.”

“I think the feedback loop and the MVP cycle just decreases a lot. And the basically the entry level towards entrepreneurship, as we know and understand it today, it's pretty low right now because of AI, right? Everyone that they can just use the free model gen…”

“I think that the situation while dire is the beginning of what I would say is a revolution of sorts. There is so much noise, there's so much displacement, there's so much AI, and we don't know what it can do. I mean, some of us know what it can do, and we reco…”

“I can deliberate, but my time to decision-making has not changed. And that has become uniform for the entire, I think, industry, right? And that's where the limits of productivity are.”

“I think that there will be more lawyers than ever before.”

“The main thing is that we are large, we never use AI to draft a contract from scratch. We have our own template database.”

“Maybe I can financially plan better than AI. Maybe. But that's not probably who I would bet on if I had to guess at the rate these tools are improving.”

“Is definitely AI.”

“Previously, when it comes to opt-outs, I'm sure you've seen it when you get a text, it says, you know, reply stop to stop to end or stop to opt-out. If you don't text back stop exactly, it doesn't count. It doesn't register that that's an opt-out. Whereas our …”

“The SAS Armageddon was overblown or that AI was immediately going to replace any engineers. It's me. It's just a tool in the hands of the, of someone who knows how to wield it.”

“The technical piece, as a non-technical founder, the technical piece has become so much less of a hill or a hurdle. The AI piece, so much less of a hill or a hurdle.”

“With these AI outputs where you're taking observation from somebody who may not have any healthcare experience and what they see, balance, appetite all, all of those things. And then you're turning it into the language that a clinician sees because they have t…”

“So our goal is to reduce that 20 cents to maybe five cents, three cents using technology, using innovation, using AI.”

“The AI can take you maybe 95% of the way there but this five percent has to come from human basically agreeing, and that's very important for compliance too, because the insurance companies have to maintain records, the DSOs, or dental organizations have to …”

“There's still a huge delta between like, you know, a smart designer who knows what they're doing, making an improvement in a quick turn in about, you know, 30 minutes and exploring a few different options that accounts for the technical requirements of the pro…”

“The machine does not, and never will have full context that a person does.”

“So you're seeing the banks actually not do massive headcount reductions. They're actually staying flat adopting AI.”

“Now I think it's overblown, right? A lot of companies especially enterprise, have a lot of integrations. They build a lot of operational processes around some of these systems. This isn't a flip the switch and these companies disappear overnight. These compani…”

“The problem is people. The problem is that it's, you got a standardized process and get everyone to use the tool in a very similar way, right? To gain insights. That's what AI is, is, is decoupling. Now you're not necessarily as reliant on people to get to the…”

“The potential and possibilities of AI is progressing at a much faster rate than humans ability to adopt and integrate those tools into production workflows.”

“You have to have value, and AI can communicate the value, right? But in the end, they want to do business with the person, and so I don't think that'll be replaced.”

“So if you look at AI, what we're doing today is deploying it in, I'll call it analysis. Let us do a lot of data analysis quickly. Okay. Which gives us more insights into this cross merchant fraud matrix.”

“And if you look and study risk in our business, it's not traditional sophisticated AI type fraud. It's simple velocity based fraud. Additionally, a lot of the banks, a lot of the issuers of the cards have tools you can use. So you combine what the network prov…”

“So I believe that it's just the network that is going to be what everyone trades on, and the more AI takes away the mundane aspects of Work. And access to things that historically have been very challenging for people to learn or do. It's going to revert us al…”

“They're not known for novelty. It is human creativity that does that, and you have to collide with the right people in order for those awesome ideas to emerge.”

“I don't subscribe to the view that we're all going to sit at like a blinking terminal line with that blinking empty cursor and you'll be able to type anything in and it'll just happen, right? I think that that's I think that is an oversimplification of how har…”

“And this is gonna be true of your job, my job, everybody's job in the future is like, You take an individual and you make them 10 times faster, a hundred times faster, whatever it is, it's that person that starts to eat up the world of jobs, not like the machi…”