AlleyCorp avoided early-stage AI startup investments in 2023 due to irrational pricing
Kevin Ryan · How This Billionaire Founder Finds +$20B Business Ideas | Kevin Ryan Interview (#495) · Sep 14, 2023 · at 43:27
Kevin Ryan, founder and CEO of AlleyCorp, discusses passing on inflated seed and early-stage AI valuations during the early 2023 boom.
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“Six months ago, you know, the pricing on AI was insane. You know, three people walk in and say we're worth a hundred million dollars because we're going to put together an AI company. Just didn't make sense. So we didn't make any direct investments there.”
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