20VC: Why AI Models are not a Moat, Where Does the Value in AI Accrue; Startups or Incumbents, What the World Has Got Wrong About AI, Why AI Needs a New Story and Who is the Right People to Tell it with Cris Valenzuela, Co-Founder & CEO @ Runway
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch28 Aug 2023

20VC: Why AI Models are not a Moat, Where Does the Value in AI Accrue; Startups or Incumbents, What the World Has Got Wrong About AI, Why AI Needs a New Story and Who is the Right People to Tell it with Cris Valenzuela, Co-Founder & CEO @ Runway

Cris Valenzuela is the CEO and co-founder of Runway, the company that trains and builds generative AI models for content creation. To date, Cris has raised over $285M for the company from the likes of Lux Capital, Felicis, Coatue, Amplify, and Nvidia to name a few. Runway's customers include academy-nominated movies, TV shows, media companies, and creatives across industries.

In Today's Episode with Cris Valenzuela We Discuss:

1. From Childhood in Chile to Founding one of the Hottest AI Startups:

  • What was the founding moment for Cris with Runway?
  • His investors described Cris as an "outsider". Does Cris believe he is an outsider? What are the biggest pros and cons of being an outsider?
  • What does Cris believe he is running from? What is he running towards?

2. Models are not a Moat: Models 101:

  • What does Cris believe is more important; model size or data size?
  • Why does Cris believe that models are not a moat?
  • How does Cris think about the lifespan of models? Will any used today be used in a year?
  • Are hallucinations a feature or a bug? What are the nuances?

3. The World Has Got AI Wrong: We Need Different Stories:

  • Why does Cris believe the world has got AI wrong?
  • Why do we need different stories for what AI can do and will be? Who should tell them?
  • Why do groups like screenwriters riot and protest if the tool is empowering and not replacing?

4. Company Building 101: Hiring and Fundraising:

  • What are the biggest pieces of startup advice that are total BS?
  • What has been the single biggest lesson Cris has learned when it comes to fundraising?
  • Does Cris believe that VCs really add value?
  • What have been the single biggest hiring mistakes that Cris has made?
  • How has Cris structured their interview process to make it the best interview process in the world?

Episoder(1417)

20 VC 017: BETAWORKS WEEK: Kuan Huang, Founder @ Poncho

20 VC 017: BETAWORKS WEEK: Kuan Huang, Founder @ Poncho

For your chance to win a signed copy of Venture Deals by previous guest and legend, Brad Feld all you have to do is click the Click To Tweet Link here: http://ctt.ec/d1dE3 Kuan Huang, is the Founder o...

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20 VC 079: BETAWORKS WEEK: East vs West Coast Investing with Peter Rojas, EIR @ Betaworks, Co-Founder @ Weblogs & Engadget

20 VC 079: BETAWORKS WEEK: East vs West Coast Investing with Peter Rojas, EIR @ Betaworks, Co-Founder @ Weblogs & Engadget

Peter Rojas is an entrepreneur-in-residence at betaworks focusing on early stage investments. Prior to joining betaworks he was VP of Strategy at AOL. He also co-founded several startups, including We...

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20 VC 078: BETAWORKS WEEK: Matt Hartman, Director of Seed Investments @ Betaworks

20 VC 078: BETAWORKS WEEK: Matt Hartman, Director of Seed Investments @ Betaworks

Matt Hartman is director of seed investments at betaworks. Prior to joining betaworks, he was co-founder of ReferBoost, a profitable b2b company in the real estate and social media space, and JustBeca...

12 Okt 201529min

FF 016: Chad Fowler, CTO @ Wunderlist, App Of The Year 2013

FF 016: Chad Fowler, CTO @ Wunderlist, App Of The Year 2013

To win a signed copy of Venture Deals by Brad Feld, click the link below and like our Facebook page and you will be entered into the competition. https://www.facebook.com/The-Twenty-Minute-VC-76993509...

9 Okt 201526min

20 VC 077: Part 2: Kamal Ravikant: The Future Of Venture Capital

20 VC 077: Part 2: Kamal Ravikant: The Future Of Venture Capital

For your chance to win a signed copy of Venture Deals by previous guest and legend, Brad Feld all you have to do is click the Click To Tweet Link here: http://ctt.ec/Q41ZG Kamal Ravikant is an absolut...

7 Okt 201520min

20 VC 077: PART 1: Kamal Ravikant: 'I'm Not Your Traditional VC'

20 VC 077: PART 1: Kamal Ravikant: 'I'm Not Your Traditional VC'

For your chance to win a signed copy of Venture Deals by previous guest and legend, Brad Feld all you have to do is click the Click To Tweet Link here: http://ctt.ec/Q41ZG Kamal Ravikant is an absol...

5 Okt 201520min

FF 015: Y COMBINATOR WEEK: Eric Glyman, Co-Founder & CEO @ Paribus

FF 015: Y COMBINATOR WEEK: Eric Glyman, Co-Founder & CEO @ Paribus

Eric Glyman, Co-Founder and CEO @ Paribus (Y Combinator S15), the service which scans your inbox for receipts and automatically saves you money when the items you bought drop in price. Stores often gu...

2 Okt 201525min

20 VC 076: Y COMBINATOR WEEK: Aaron Harris, Partner @ YC

20 VC 076: Y COMBINATOR WEEK: Aaron Harris, Partner @ YC

Aaron Harris is a Partner at Y Combinator and also newly one of my favourite podcast hosts with his brilliant show, Startup School Radio, for all startup lovers it is a must listen. Prior to YC, Aaron...

30 Sep 201524min

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