Jason Kong, General Partner at Base10 Ventures, discusses automation for the real economy, focusing on investments in non-tech industries. He argues that while much venture capital has been directed towards tech building for tech, significant opportunities lie in automating traditionally non-tech sectors, which constitute a large portion of the GDP. Kong highlights the importance of defensibility and durability of cash flows, favoring companies that demonstrate provable ROI and invest based on EBITDA rather than venture capital. He also touches on Base10's unique model of donating 50% of their profits to scholarships for underrepresented students, emphasizing purpose as key to profits and community success.
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