David Evans, Managing Partner at Sentiero Ventures, discusses his firm’s AI investment thesis.
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Sramana Mitra: Let me point out a couple of things that I’m hearing here that are going to be really interesting for our audience. Number one is, AI is calling to question pricing in enterprise software right now in a big way, right?
>>>Sramana Mitra: Interesting. It’s actually highlighted a lot of points that you are willing to cross geographies, which I was going to ask you about anyway.
Let’s do a couple more case studies.
>>>Sramana Mitra: So, talk about some case studies of problems that you have chosen to double click down on and run this process on.
>>>Sramana Mitra: So, the obvious question that stems out of what you described is, how do you identify or qualify the founder who’s fit for this kind of a model?
>>>Warren Packard, Partner at AI Fund, discusses his firm’s investment thesis. Instead of founders pitching, the AI Fund operates as a Venture Studio and recruits repeat entrepreneurs with domain knowledge to build ventures based on their ideas.
>>>Sramana Mitra: So, Lisa, what are you seeing in your deal flow? You are obviously soliciting AI ventures, robotics ventures, Vertical AI ventures, and maybe some other things as well. What trends are you picking up from the deal flow?
>>>The Accelerator Conundrum is a multipart series that challenges the prevailing wisdom of the tech startup ecosystem that entrepreneurs should Blitzscale out of the gate. Written by Sramana Mitra, the Founder and CEO of One Million by One Million (1Mby1M), the world’s first global virtual accelerator, it emphatically argues that a better strategy is to Bootstrap First, Raise Money Later, focus on customers, revenues and profits. 1Mby1M’s mission is to help a Million entrepreneurs reach a million dollars in annual revenue and beyond. Sramana’s Digital Mind AI Mentor virtually mentors entrepreneurs around the world in 57 languages. Try it out!
Alright, let’s cut through the noise and get to the brutal truth of the startup accelerator world. Many entrepreneurs, starry-eyed and naive, leap headfirst into 3-month accelerator programs without truly understanding the long-term implications. It’s time for an incisive commentary, a necessary dissection.
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