Generative Now | AI Builders on Creating the Future M.G. Siegler: VC’s Crisis, Defensible Startups, and Hack-quisitions
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Nov 27, 2024 
M.G. Siegler, a tech writer, investor, and former VC at GV, shares his insights on the evolving European tech scene. He delves into the current venture capital crisis, highlighting CRV Ventures' return of funds. Topics include the critical balance of investing in people versus ideas, the defensibility of startups, and the complex landscape of M&A and IPOs. Siegler also discusses the rise of AI and its implications for future startups, as well as the competitive positions of tech giants like Apple in the race towards artificial general intelligence.
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Leaving GV
- M.G. Siegler left GV after 11 years, feeling he'd experienced a full VC cycle.
- He believes his timing was fortunate, preceding the current AI boom.
Leveraging AI
- Don't pivot your entire company to AI.
- Instead, leverage AI to augment your existing product and goals.
VC Crisis
- VC is facing a crisis due to the intersection of inflated late-stage valuations and the rise of AI.
- The IPO and M&A markets are largely closed, leaving many startups stuck.