AI & Startups
- 1. Theory Ventures AI & Startups AI & Startups
- 2. Theory Ventures Why Does AI Matter? Why Does AI Matter? Innovation Contribution to GDP Personal Computer 0.006% Machine Learning 1.5 - 2.9 %
- 4. Theory Ventures Questions to Questions to Answer for Answer for Startups Startups 1. Layer 1. Layer 2. Market 2. Market 3. Moat 3. Moat 4. AI 4. AI Depth Depth
- 7. Theory Ventures Which Layer Accrues More Value? Which Layer Accrues More Value? About the same About the same Company Market Cap, $t Company Count AWS + Azure + GCP 2.1t 3 Top 100 Public Cloud Companies 2.2t 100
- 9. Theory Ventures Players Players Approach Examples Content Creation Jasper (text), Gamma (presentations), Synthesia (learning), Craiyon (design), AIDungeon (gaming) Copilots Github (coding), Harvey (legal), Lilt (translation) Agents next-gen RPA
- 11. Theory Ventures Developer Developer Tool / API Tool / API Managed Managed Enterprise Enterprise Service Service
- 12. Theory Ventures Infrastructure Infrastructure Layer Opportunity Chaining Stitch models together Tuning / Prompt Engineering Solicit better responses Training Cost Reduction From millions to pennies Foundational Model New capabilities through scale Chips New computation & networking for training
- 13. Theory Ventures 2. Market 2. Market
- 14. Theory Ventures Is Gen AI Enough to Is Gen AI Enough to Unseat an Unseat an Incumbent? Incumbent? Startups have negative time to launch Startups have negative time to launch
- 15. Theory Ventures 3. Moats 3. Moats
- 16. Theory Ventures My Model is Better My Model is Better than Yours than Yours
- 17. Theory Ventures
- 18. Theory Ventures True for Public & True for Public & Private Data Private Data
- 20. Theory Ventures Buyer Concerns Buyer Concerns Copyright Copyright Privacy Privacy Compliance Compliance Security Security
- 22. Theory Ventures Innovation = Innovation = Invention + Invention + Distribution Distribution
- 23. Theory Ventures 4. Technical 4. Technical Depth Depth
- 24. Theory Ventures How deep will How deep will you go? you go? Plug-in Plug-in Tune Tune Prompts Prompts Bespoke Bespoke Model Model
- 25. Theory Ventures
- 26. Theory Ventures Questions to Questions to Answer for Answer for Startups Startups 1. Layer 1. Layer 2. Market 2. Market 3. Moat 3. Moat 4. AI 4. AI Depth Depth
- 27. Theory Ventures
- 28. Theory Ventures Tomasz Tunguz Tomasz Tunguz !.tomtunguz.com !.tomtunguz.com @ttunguz @ttunguz Theory Theory Ventures Ventures !.theory.ventures !.theory.ventures @theoryvc @theoryvc
- 29. Theory Ventures Prompts for Images Prompts for Images Slide Prompt 1 Robots on a launchpad helping to build rockets with tools 4 An enormous multilayer cake on a huge plate. 8 A hyper realistic computer with a futuristic mouse, keyboard & monitor 10 An oil rig floating in a bright blue sky japanese anime 13 David & Goliath in the style of Banksy 15 A young boy in a leather jacket jumping over a rocky moat cartoon 16 Two computers with code on their screens facing each other on fire rendering 19 A gleaming skyscraper reaching up in to the sky cyberpunk 21 A robot working on a rocket in a laboratory cartoon 23 A photograph of a collection of electrical outlets 25 Two robots working together on a rocket launchpad cartoon 27 A hand drawn drawing of men & women in a foot race