Lightspeed partner Mike Mignano reflects on the firm's investment into AI music startup Suno and the unpredictability of consumer deal timing.
Prediction Not checkable as stated
Mignano: AI will eventually generate dynamic social media feeds without human creators
“Sora, to me, feels like this third, the start of this third phase where Eventually they don't really need creators to make content, right? Yes, today people are prompting, but you could very easily imagine a world in which you're just coming into the feed, and…”
Opinion
Mignano: Sora proves AI labs can build net-new consumer apps that threaten startups
“Sora is kind of proof that, no, these labs, like, they have the taste and capability and the horsepower and the execution to build and ship net new products that also might run you over.”
Opinion
Mignano: AI Makes Web Browsers an Investable Category
“No, actually AI Creates like a really interesting opportunity for the browser to be an investable service.”
Insight
Mignano: AI Models Will Become New Distribution Engines for Creator Likenesses
“Maybe the model is the distribution then, like we're saying, and maybe similarly how for TikTok,
It became about, obviously, the videos, and we can create a video, but you could also, like, you could let creators pull from the song catalog.
You know, Instagram…”
Assertion Not checkable as stated
Mignano: Nobody has built a real AI tutor product yet
“And obviously a lot of people have been talking about this for a while. AI is going to be a great tutor. It's going to be great at teaching you things. But nobody's really gone in and built the product for that yet.”
Insight
Mignano: Tech never democratized music creation until generative AI
“If you look back at the history of all the products that have done this in one form or another over the past 25 years, nobody's done it for music. The reason, you know, we believe is that Technology up until AI did not make music creation easier, right? The ca…”