20VC Exclusive: Why Mega Platforms Will Win in VC | Why You Cannot Do VC If You Do Not Do Pre-Seed | Why Market Sizing is BS | Where Will Foundation Models Build/Buy Apps vs Where Will They Not with Bucky Moore | The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch | Podwise
20VC Exclusive: Why Mega Platforms Will Win in VC | Why You Cannot Do VC If You Do Not Do Pre-Seed | Why Market Sizing is BS | Where Will Foundation Models Build/Buy Apps vs Where Will They Not with Bucky Moore
This episode explores Bucky Moore's move to Lightspeed Venture Partners and his insights on the evolving venture capital landscape, particularly regarding AI and mega-platforms. Against the backdrop of emerging trillion-dollar outcome companies like SpaceX and OpenAI, Moore discusses the strategic advantage of mega-platforms with substantial capital, enabling them to invest significantly in potential high-growth ventures. More significantly, the conversation pivots to the sustainability of value creation in AI, with Moore drawing parallels to the rise of Amazon, Microsoft, and Google, suggesting that specialized applications with deep customer insights will thrive despite the dominance of model providers. As the discussion pivoted to competitive investing, Moore acknowledges varying firm strategies, from Thrive's concentrated approach with OpenAI to Andreessen Horowitz's diversified investments. The conversation also covers the challenges of market sizing in transient times and the shift from spreadsheet investing to early-stage conviction, highlighting the importance of founder quality and execution. Emerging industry patterns reflected in the discussion include the increasing competition among companies, the faster adoption of AI by enterprises, and the potential for a plateau in AI advancements, emphasizing the need for continuous innovation and adaptation in the venture capital industry.
