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Nov 2023
58m 48s

20VC: Why OpenAI Will Become an Infrastr...

Harry Stebbings
About this episode

Jeff Seibert is the Founder & CEO @ Digits, building the future of AI-powered accounting. Digits have raised funding from the likes of Peter Fenton @ Benchmark and 20VC. Jeff previously served as Twitter's Head of Consumer Product, a position he came to following the acquisition of his prior company, Crashlytics. Today, Crashlytics is the de-facto mobile crash reporting solution for iOS and Android and runs on over 6 Billion monthly active smartphones worldwide.

In Today's Episode with Jeff Seibert We Discuss:

1. The Art of the Pivot:

  • What are Jeff's biggest pieces of advice to founders pivoting?
  • How do you know when you have enough data to make the decision to pivot?
  • What are the single biggest mistakes founders make when pivoting?

2. AI: Who Wins and Who Loses:

  • Why does Jeff believe that OpenAI will transition into an infrastructure play?
  • What are the most significant challenges OpenAI will face moving forward?
  • Why does Jeff believe that Apple are best positioned to win in an AI world?
  • Why does Jeff believe that Google are the most vulnerable incumbent?
  • What would Jeff do if he was CEO of Google?

3. LLMs: What Happens Now:

  • Will we see the commoditization of LLMs?
  • What are the biggest misconceptions people have on training and fine-tuning LLMs?
  • Will we see LLMs increasingly specialise to vertical-specific models or will they remain horizontal?
  • What is the difference between a thick and a thin wrapper when building on top of LLMs?

4. Angel Portfolio in Review:

  • How many angel checks has Jeff written? How many failed? How many home runs?
  • Does Jeff believe that company valuations are being kept artificially high?
  • How did Jeff make 200x selling through the secondary market for a now failing company?
  • What are Jeff's three biggest pieces of advice for angels today?

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