Sramana Mitra: That is absolutely correct in the examples that you’re giving. There is one thing I want to point out for the audience. Remember when software was being sold by large companies to large enterprises. Back then, this whole category of software companies came in and priced very low SaaS offerings and started selling to SME.
That was a very different business, and their customers are really the no-name customers. That was the strategy that they followed successfully. So that is a valid strategy.
>>>Sramana Mitra: We have a question from the audience. Sanjeev Munjal is asking, “Does this mean that businesses with a lot of historical data can generate LLMs better for sectors like banking, insurance, etc.?”
Benjamin Narasin: Well, that’s somewhat my point—it’s a temporary advantage if a business has historical data.
>>>Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital, discusses his AI investment point of view.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | TuneIn | RSS

Jishnu Bhattacharjee, Managing Partner at Nexus Venture Partners, has been investing in AI startups for over a decade. This is an excellent and insightful discussion about his AI investment thesis.
>>>Sailesh Ramakrishnan, Managing Partner at Rocketship.vc, discusses his AI investment thesis and shares his firm’s use of AI in monitoring investment-worthy startups.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | TuneIn | RSS
Ashmeet Sidana, Chief Engineer at Engineering Capital, talks about his AI investment thesis. It’s a wonderful discussion that not only entrepreneurs should listen to, but investors should also listen in to calibrate their own investment thesis.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | TuneIn | RSS

Product and Technology are not the same.
While technology failures are difficult to recover from, product issues can be addressed.
Often, once a startup starts to engage with the market, it develops a more sophisticated understanding of the market’s needs. Features, functions, integrations, APIs – a lot of input comes into the company through customer immersion.
>>>
If you haven’t already, please study our free Bootstrapping Course and Investor Introductions page.
The compensation disbalance in the Venture Capital / Private Equity world remains quite stark. Take a look at the chart a friend once sent me showing some concrete data on VC compensation, and Private Equity industry performance.