Sramana Mitra: Now, are you seeing the AI startups also starting to do services work? I have seen several instances where they have AI capability, but they’re actually going to market with large projects where they provide product and also do the services as one solution.
Sramana Mitra: There’s another factor to consider. There’s this company called Tempus that went public in June this year. I don’t know if you’re tracking them. Tempus is an AI company that focuses on the pharmaceutical industry. It has all kinds of pharmaceutical use cases and healthcare use cases. It doesn’t look like a language
Sramana Mitra: Absolutely. So let me synthesize a little bit. The semiconductor layer is very expensive to do startups in. There’s quite a bit of activity going on there, but for our audience, where our philosophy is more lean startup, bootstrapping kind of activities, this is not really possible to do as it is capital
Rajeev Madhavan, Founder and General Partner at Clear Ventures, discusses how he is investing in AI startups and what he is learning from the market.
Rajeev Madhavan, Founder and General Partner at Clear Ventures, discusses how he is investing in AI startups and what he is learning from the market.
Rajeev Madhavan: If you look at that space, Andy Bechtolsheim was a big investor. He would invest his money to help get rid of the issues that he sees in that space. That applies even today, except that now you have a lot of investors in Silicon Valley, so your ability to get that small
Rajeev Madhavan: It’s no longer enough to provide a set of solutions. You have to provide the entire platform as a solution. Salesforce was the first one to apply this. I was one of the first customers when I was at Magma deploying Salesforce. We had the same VC as Salesforce so I had no
Sramana Mitra: What are the kind of things that you have invested in AI? What is your investment thesis on AI? Rajeev Madhavan: In AI, we have a company called Reflection which has been doing e-commerce. Today, when you shop on many of the websites, you and I would get the same webpage. You may