Jake Flomenberg, partner at Accel, warns venture-backed startups against trying to compete head-to-head with tech giants on artificial intelligence talent and models.
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More from Jake Flomenberg
Insight
Flomenberg: Startups cannot maintain a fundamental algorithmic advantage in perpetuity
“Do you think you're gonna have a fundamental algorithmic advantage in perpetuity or not? And in the vast majority of cases the answer is almost demonstrably no.”
Jake FlomenbergSep 30, 2016▶ 6:30Venture Capital Investor Panel: Investing in Big Data (Data Driven NYC / FirstMark)
PredictionNot checkable as stated
Flomenberg: Future software will be either data-driven or 'shitty'
“In the future there's gonna be two types of software, data-driven software and shitty software, and I prefer strictly to invest in the data-driven type.”
Jake FlomenbergSep 30, 2016▶ 0:45Venture Capital Investor Panel: Investing in Big Data (Data Driven NYC / FirstMark)
Insight
Flomenberg: Application-facing enterprise software can accommodate 100 big winners
“There's room for, you know, a hundred winners across every different facet of application-facing enterprise software.”
Jake FlomenbergSep 30, 2016▶ 3:05Venture Capital Investor Panel: Investing in Big Data (Data Driven NYC / FirstMark)
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