
Prompted: AI, People and the Creative Spark Startups in the AI Era: Peter Deng on What Will Win
The AI landscape is shifting every week. Startups are racing to challenge the status quo, and investors are closely watching the space.
Peter Deng, a visionary product leader turned investor, joins the podcast. Peter helped shape Facebook Messenger, Instagram, and ChatGPT, driving major launches like ChatGPT Enterprise, voice, and memory at OpenAI.
He is now a General Partner at Felicis, where he backs founders building AI-native companies. In this episode, Peter shares how investors evaluate AI startups today, what separates lasting businesses from surface-level integrations, and what founders must rethink to build companies that hold up over time.
Cam's notes on Substack: promptedwithcam.substack.com
Key Quotes
“There are so many people solving problems that have been solved before, but with old technology, and now they’re solving them with AI in a way that’s ten, a hundred times better.”
“There are a lot of problems that these big model companies are not solving, and that’s where startups are doing really, really well.”
“AI has to be core to the product. Otherwise it’s just not interesting.”
Timestamps
00:00 - Introduction
01:16 - The Prompt
03:44 - Creative All Hands
06:14 - Join teams, or invest, during moments of inflection.
09:12 - Use LLMs as a midnight brainstorming partner, when others are asleep.
12:00 - Think about "affordances" and shape technology to humans.
16:01 - Lean into the back-and-forth to help you clarify and articulate your ideas.
19:36 - Startups are solving problems the big model companies are not addressing.
21:27 - Founders should relook at old problems, with new technology.
25:05 - The top four models will be hard to beat. That's not where the game is being played.
26:38 - Product taste and design will be more important over the next 18 months.
29:20 - Hopefully AI efficiency will give people more time to spend in real life.
34:52 - Startups that extract knowledge out of people's heads, will have an advantage.
44:22 - All Star Creative Team
47:11 - Design Reveal
Links
Subscribe to the Prompted Newsletter: https://promptedwithcam.substack.com/
Cam on LinkedIn: https://www.linkedin.com/in/themaninblue/
Peter on LinkedIn: https://www.linkedin.com/in/peterxdeng/
Link to Peter, Jade and AI’s Creative Collaboration: https://promptedpodcast.com/episode-10
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