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

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?

Avsnitt(1417)

20VC: James Cameron @ Accel on Building Great Startup Communities and The Rise of Enterprise and Cyber Security Software

20VC: James Cameron @ Accel on Building Great Startup Communities and The Rise of Enterprise and Cyber Security Software

James Cameron is an early stage investor at Accel where he focuses on enterprise software, security, fintech and marketplace businesses. Prior to joining Accel, he founded and ran BipSync, a SaaS-base...

20 Jan 201626min

20VC: Fred Destin @ Accel on Why Startups Fail & Founders Get Fired?

20VC: Fred Destin @ Accel on Why Startups Fail & Founders Get Fired?

Fred Destin is General Partner at Accel in London where he focuses on consumer and software investments. He is the lead investor and board member at Deliveroo, Pillpack (featured in ep: 89 with Eric P...

18 Jan 201640min

20 VC FF 030: Gimlet Media's Matt Lieber on The Future of Podcasting and Life @ Gimlet

20 VC FF 030: Gimlet Media's Matt Lieber on The Future of Podcasting and Life @ Gimlet

Matt Lieber is cofounder and President of Gimlet Media. In a previous life, Matt produced radio shows (On Point, Fair Game) and podcasts (Slate Culture Gabfest). He also worked as a management consult...

15 Jan 201624min

20 VC: Investing in Hardware and The Future of IOT with Kate Shillo, Director @ Galvanize Ventures

20 VC: Investing in Hardware and The Future of IOT with Kate Shillo, Director @ Galvanize Ventures

Kate Shillo is Director @ Galvanize Ventures, a prolific seed fund which acts as the the investment arm of Galvanize -- a collection of "tech campuses" that offer coworking space and educational progr...

13 Jan 201629min

20 VC: David Tisch @ Box Group on The Future of Consumer Mobile, Developing Pattern Recognition and FOMO

20 VC: David Tisch @ Box Group on The Future of Consumer Mobile, Developing Pattern Recognition and FOMO

David Tisch is the Managing Partner of BoxGroup, one of New York most prolific seed investors with investments in over 120 seed-stage technology companies including Vine, Sunrise Calendar, Warby Parke...

11 Jan 201631min

20 VC FF 029: VC vs Angel Funding & The Future of E-Commerce with Ivan Mazour, Founder @ Ometria

20 VC FF 029: VC vs Angel Funding & The Future of E-Commerce with Ivan Mazour, Founder @ Ometria

Ivan Mazour is a serial entrepreneur, investor and author. He is the CEO and Founder of Ometria - a predictive analytics and marketing platform built specifically for retailers, letting them use data ...

8 Jan 201631min

20 VC: Philipp Moehring, Head of AngelList Europe on Scaling Seed Stage Funding and Why 500 Is Not Your Traditional VC

20 VC: Philipp Moehring, Head of AngelList Europe on Scaling Seed Stage Funding and Why 500 Is Not Your Traditional VC

Philipp Moehring is Head of AngelList Europe and their first European hire, a role he has had since Jan 2014. Whilst being Head of AngelList Europe, he is also Venture Partner for 500 Startups and pri...

6 Jan 201626min

20 VC: Morten Lund on Skype, Bankruptcy, Fintech and Why "Banks Are Full Of Lots Of Stupid People Doing Nothing"

20 VC: Morten Lund on Skype, Bankruptcy, Fintech and Why "Banks Are Full Of Lots Of Stupid People Doing Nothing"

Morten Lund, best know for his seed investment in Skype, he has also founded and co-invested in more than 100 startups including the likes of Airhelp who you might recognize as we interviewed their CE...

4 Jan 201623min

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