AI provides immense opportunities for early-stage investors due to its transformative power and potential to drive efficiency, automation, and insightful decision-making. However, investing in AI requires discipline and caution due to the rapid pace of innovation and associated risks.
The first Behind Genius Ventures Annual Summit 2023 provided a valuable opportunity for industry leaders, investors, and entrepreneurs to come together and share their insights and experiences. From the key themes and insights discussed, to the takeaways and lessons learned, attendees gained valuable knowledge and perspectives on how to navigate the evolving landscape of venture capital. I look forward to seeing you all at next year's Summit.
For many, our contemporary economic times are unfamiliar territory. We’re facing inflation of current levels that hasn’t been seen since 1981, a global pandemic that devastated supply chains, a hot war in Europe between Russia and Ukraine causing energy crisis tensions in the east with China over Taiwan, and civil and political unrest around the globe. How can founders navigate these uncertain macroeconomic times?
On November 30th, 2022, ChatGPT was released to the world. ChatGPT, a large language model (LLM) developed by Open AI, quickly went viral in days, crossing over a million users within a week of its launch. The growth is unprecedented; it took 10 months for Facebook to reach a million users and 24 months for Twitter to hit the same metric, whereas ChatGPT arrived at a million users in just 5 days.
An underlying theme behind recent innovations in fintech has been the idea of democratization of access, specifically with respect to dismantling the barrier between opportunities that were previously only available to the wealthy. While this can feel esoteric at first, it's a very powerful concept that is still in its relative infancy, with plenty of disruption waiting to happen.