This podcast features an interview with Mike Maples, a legendary investor, discussing the impact of AI on startups and venture capital. The conversation covers counter-positioning strategies for startups in the age of AI, focusing on business model innovation (e.g., outcome-based pricing instead of SaaS models) to gain an advantage over incumbents like OpenAI. Maples highlights the importance of understanding "the job to be done" and achieving clear outcomes for clients, exemplified by Text IQ's success in substituting expensive legal document review processes with AI. The discussion also touches upon the evolving role of VCs in a world where software development costs have drastically decreased due to AI. The interview concludes with reflections on the changing nature of software development, shifting from traditional methods to more adaptive, "Darwinian engineering" approaches.
