Shifting Business Models
Miles discusses why comparing the shift to AI with the shift to mobile is flawed, highlighting the differences in distribution channels and business models. He explains how mobile unlocked consumer time and geolocation services, leading to the rise of new startups like Snapchat and Uber. Miles also emphasizes the importance of a new architecture and business model for AI to reach its full potential.In this clip
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20VC
20VC: Benchmark General Partner, Miles Grimshaw on The Five Pillars of Venture Capital, Why Data Can Be a Trap When Early-Stage Investing, Investing Lessons from Missing Figma and Plaid & The New Business Model for AI & Why Co-Pilot is an Incumbent Strate
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