Fewer venture capital firms will raise opportunity or growth funds going forward
Alex Kolicich · Alex Kolicich, 8VC | AI & Defense Tech Renaissance · Sourcery with Molly O'Shea · Oct 11, 2024 · at 17:21
Alex Kolicich, Founding Partner at 8VC, assesses the future of growth-stage venture capital fundraising following market contraction.
0:00 / 0:05exact quote · 5.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“I do think fewer people will raise opportunity funds or growth funds. I think that is likely.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Alex Kolicich
Genuine AGI safety concerns are 10 to 20 years away
“I think this is likely what we're doing with AI and AI safety and stuff like that, that we could foresee in 1020 years AGI, where there's actual safety issues, but we are so far from that today. That's, I think, actually getting close to the peak of inflated e…”
Kolicich: Expect an AI crash and market retrenchment within two years
“I believe in two years where everyone's gonna say, oh, you know, we thought it would solve everything and it's all a very limited number of use cases. It's complete hype. And, you know, we'll probably see a bit of a crash and we'll see a retrenchment in AI.”
Kolicich: Open-source AI iteration speed will surpass closed source
“Cause you'll see the case of iteration at open source is going to eclipse close source.”
Kolicich predicts wave of VC firings over failure to adapt to AI
“And so I think you'll see over the next 10 years, a lot of retirements, a lot of firings, perhaps because people won't make that transition,”
Competitors will catch up to OpenAI's o1 reasoning model within six months
“O1 just came out. We haven't fully benchmarked on our side yet. It's definitely an improvement. And so open AI is ahead of everybody else. It's an improvement in reasoning which is good. We can talk about that later on, but I expect people will catch up within…”
Incumbent software systems will capture AI value through existing data gravity
“So I think if that happens and that's what the world looks like, then a LLM looks kind of like a query processor in a database. You give it context, it does its work, you get the answer out. But the point of leverage is the place with, at which the context Liv…”