Will Bennett & Sivesh Sukumar, Investors @ Balderton, Seedcamp
In this episode, Jack Richardson and Richard Armstrong join Will Bennett and Sivesh Sukumar to explore AI's role in startups. They discuss their venture capital experiences at Seedcamp and Balderton, comparing AI dynamics in startups versus large companies, and cloud versus on-prem storage. The conversation covers how startups are outperforming incumbents, future AI trends, and regulatory challenges. They also address AI development hurdles, enterprise education, talent dynamics, public misconceptions, employment impacts, AI verticals, and hype cycles. The episode wraps up with advice on entering venture capital.
Key Points
- Startups should focus on specialized models tailored to specific use cases to compete effectively against larger incumbents.
- The future of AI will likely see a mix of large, generalized models and smaller, specialized models, with significant opportunities for startups in both areas.
- AI is poised to augment rather than replace many jobs, leading to shifts in job roles and increased productivity across various sectors.
Will Bennett and Sivesh Sukumar are investors at Seedcamp and Balderton Capital, two premier European VC firms.
Balderton has been investing in Europe for more than 20 years having one of the best portfolios in the continent including companies like Revolut, Dream Games, Contentful and Aircall, spurred by two funds, early and growth, and the ability to write checks up to $60m.
Seedcamp is now on its 6th fund of $180m, writing up to $1m cheques across sectors. It’s third fund is recognised as one of the best performing globally, with six unicorns in its portfolio, also including Revolut, wefox and UiPath.
Brought to you by TAV, Will and Sivesh join Jack and Rich to discuss everything AI; how emerging startups can get an edge on incumbents, distribution, domination of models, regulation, whether we’re in a hype cycle or not and so much more.
Chapters
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Transcript
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