Tomasz Tunguz, founder of Theory Ventures, discusses data custody and security as key drivers for enterprise Web3 adoption amid growing state-level compliance costs.
“I think by the end of 20, 25, something like 35 states in the US will have their own privacy regulation.”
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More from Tomasz Tunguz
PredictionNot checkable as stated
Most major software companies will eventually integrate a Web3 database
“And so there's this asymptotic cost curve that will come down, and at some point, our belief is that most major software companies will actually have a Web three database as part of their stack.”
Tomasz TunguzMay 16, 2024▶ 6:18AI, Data and Blockchain: a VC perspective | Tomasz Tunguz, Founder of Theory Ventures
Insight
AI focus creates pricing arbitrage in non-AI startup categories
“There's probably some pricing arbitrage in other categories where people aren't paying attention.”
Tomasz TunguzMay 16, 2024▶ 2:35AI, Data and Blockchain: a VC perspective | Tomasz Tunguz, Founder of Theory Ventures
PredictionNot checkable as stated
Crypto token equity rounds will hit hundreds of millions to billions
“And then many of the token launches will raise equity rounds before they go public. And those will be in the several hundred million to billions again.”
Tomasz TunguzMay 16, 2024▶ 4:11AI, Data and Blockchain: a VC perspective | Tomasz Tunguz, Founder of Theory Ventures
AssertionPartly supported
Ethereum's $400M Q1 net income makes it the most profitable software business
“In Q one, if you were to look at Ethereum as a business and we can have this debate about whether it is or not, but if you were to look at it as a business, it produced four hundred million roughly in free cashflow or net income, which makes it the most profit…”
Tomasz TunguzMay 16, 2024▶ 5:00AI, Data and Blockchain: a VC perspective | Tomasz Tunguz, Founder of Theory Ventures
PredictionNot checkable as stated
Core AI IP advances may shift from foundation models to retrieval
“So maybe the core intellectual property advance actually happens in the information retrieval step and the embeddings and the vectors as opposed to the underlying models.”
Tomasz TunguzMay 16, 2024▶ 20:30AI, Data and Blockchain: a VC perspective | Tomasz Tunguz, Founder of Theory Ventures
PredictionNot checkable as stated
Autonomous AI agents will likely boost productivity 4-5x more than copilots
“So theoretically, if it's anywhere close can a copilot or sorry, an agent is probably four to five times more productivity boosting job producing than an agent, than a copilot.”
Tomasz TunguzMay 16, 2024▶ 27:58AI, Data and Blockchain: a VC perspective | Tomasz Tunguz, Founder of Theory Ventures
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