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)

20 VC 075: Y COMBINATOR WEEK: Kirsty Nathoo, CFO @ Y Combinator

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Kirsty Nathoo is the CFO of Y Combinator. As CFO, she holds the keys to the kingdom – literally. Not only does she control and manage Y Combinator’s internal finances, from paying bills to helping org...

28 Sep 201527min

FF 014: Making Great Founders, Idea Creation and The First 100 Days Of A Startup with Alice Bentinck, Co-Founder @ Entrepreneur First

FF 014: Making Great Founders, Idea Creation and The First 100 Days Of A Startup with Alice Bentinck, Co-Founder @ Entrepreneur First

Alice Bentinck is Co-Founder at Entrepreneurs First, the accelerator program that puts founders first! Previously, Alice worked at prestigious consultancy firm McKinsey & Co, before turning down an of...

25 Sep 201520min

20 VC 074: The Future of Healthcare with Bob Kocher, Partner @ Venrock

20 VC 074: The Future of Healthcare with Bob Kocher, Partner @ Venrock

Bob Kocher is a Partner at Venrock and focuses on healthcare IT and services investments. He currently serves on the Boards of Aledade and Jiff, and is a Board Observer at Grand Rounds and Doctor on D...

23 Sep 201519min

20 VC 073: Life Inside Accel Partners with Michael Treskow @ Accel

20 VC 073: Life Inside Accel Partners with Michael Treskow @ Accel

Michael Treskow is a VC @ Accel Partners, one of the world's most successful venture firms having funded the likes of Facebook, Dropbox, Spotify, Etsy and many more. At Accel, Michael is responsible ...

21 Sep 201523min

FF 013: 'Make Bets And Believe In What You Are Doing' with James Borow @ Shift & Brand Networks

FF 013: 'Make Bets And Believe In What You Are Doing' with James Borow @ Shift & Brand Networks

James Borow is Chief Product Officer at Brand Networks which delivers social marketing and advertising to 650 enterprise customers, following their acquisition of Shift where James was CEO and Co-Foun...

18 Sep 201529min

20 VC 072: Super Angel, Fabrice Grinda: The Future of Startup Investing

20 VC 072: Super Angel, Fabrice Grinda: The Future of Startup Investing

Fabrice Grinda is among the world’s leading Internet entrepreneurs and investors with over $300 million in exits and 200 angel investments including the likes of Alibaba, LendingClub and BrightRoll. F...

16 Sep 201531min

20 VC 071: Pre-Seed Investing, Why Now Is The Best Time with Nicholas Chirls @ Notation Capital

20 VC 071: Pre-Seed Investing, Why Now Is The Best Time with Nicholas Chirls @ Notation Capital

Nicholas Chirls is the Founder and Partner @ Notation Capital, one of New York's genuine pre-seed funds investing in pre-growth startups with huge potential. Prior to Notation, Nichoas was Head of Inv...

14 Sep 201529min

20 VC 070: Do Investors in California Outperform The Rest of The World with Eric ver Ploeg @ Recursive Capital

20 VC 070: Do Investors in California Outperform The Rest of The World with Eric ver Ploeg @ Recursive Capital

Eric ver Ploeg has sat on both sides of the table as an entrepreneur and a VC. Eric started his career as an entrepreneur with the founding of Adknowledge, the 1st internet ad serving company, which w...

9 Sep 201529min

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