As AI grows, will venture capital shrink?
that automation is enabling founders to grow successful companies with fewer people, adding that "in the limit case you're left with just the founders."that eventually could enable engineers to do more in less time.is if the venture capital market on the verge of a counterintuitive dichotomy, whereby the number of tech startups grows but the amount of required monies shrinks.
Graham believes, per an email to Axios, that "a lot of the reason startups have taken so much money lately is simply because so much is available ... I don't think itIn a tweet, Graham pointed out that Instagram only had 13 employees when it was bought by Facebook for $1 billion.Top venture capitalists contacted by Axios unanimously insist that AI won't shrink startup capital needs . Some of this might have been delusional self-defense, but it was pretty persuasive.
One big argument revolves around how, as startups scale, they require much more than just software developers. Sales, support, etc. After all, Instagram didn't have revenue when it was bought by Facebook . As AI pushes the cost of software down, the surrounding demand will increase. Then there's also an updated version of the tractor thesis, in which the destruction of old jobs leads to the creation of new jobs. In this case, all of the controls around AI — everything from security to safety to legal. Or, as one VC put it: "If you surrender to the black box, you acquire an insane amount of liability.
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