Sarah Guo (Conviction) explains her overarching venture investment thesis, 'Software 3.0', comparing it to prior paradigms of hand-written code and data labeling.
“Software three dot O is the idea that the next generation of software, a lot of it is about manipulating foundation models and they're called foundation models because they have a lot of capability out of the box. You don't need to train them from scratch. You just need to give them like guidance, reinforcement, the information specific to your business.”
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More from Sarah Guo
Opinion
Guo: Ignore AI doom scenarios; prioritize near-term fraud and disinformation
“There's no linear path from here to there. And so when people ask me about like the doom scenario, like I am much more concerned about abuses we actually do understand. So for example, like what if people don't understand what information is true or not, or li…”
Sarah GuoJul 24, 2024▶ 53:3910 AI Business Ideas From The Queen of AI ft. Sarah Guo
AssertionContradicted
Guo: ElevenLabs is the only independent voice API startup doing $10M+ revenue
“There's like exactly one independent voice API business and tens of millions of revenue, and that's 11.”
Sarah GuoJul 24, 2024▶ 33:1410 AI Business Ideas From The Queen of AI ft. Sarah Guo
AssertionNot checkable as stated
Guo: Solo devs are generating $1M cash flow from AI companion apps
“Some of those people are generating a million dollars of cashflow for themselves. It's not because they're deep AI people.”
Sarah GuoJul 24, 2024▶ 3:4210 AI Business Ideas From The Queen of AI ft. Sarah Guo
AssertionNot checkable as stated
Guo: HeyGen has never spent a dollar on paid marketing
“They've never spent a dollar on like paid marketing.”
Sarah GuoJul 24, 2024▶ 8:4110 AI Business Ideas From The Queen of AI ft. Sarah Guo
Insight
Guo: Scaling an AI startup beyond $1M requires deepening product scope
“What's the difference between like the first million and the next nine hundred ninety-nine million? It is whether or not the capability exists in the company to make the product deeper and keep expanding scope for what you do for your customer, right?”
Sarah GuoJul 24, 2024▶ 16:2110 AI Business Ideas From The Queen of AI ft. Sarah Guo
PredictionNot checkable as stated
Guo: A game world populated with AI companions will be massive
“There's a version of that company that's somewhere between, like, a companion and a game world that will be very big.”
Sarah GuoJul 24, 2024▶ 23:2810 AI Business Ideas From The Queen of AI ft. Sarah Guo
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