2023 Semil Shah predictions
"opportunity in the chaos"
Historical portfolio and new investments
founders finding opportunity in the chaos
new investment opportunities - people are everywhere
stark difference in base level quality of founders has gone up
Elon + Twitter - cultural ramifications
obvious one: headcount
non-obvious: BidSpotter auctions - selling high-end espresso machines
where is the money going? people raised a lot, paid people a lot, plus gave equity for risk
Twitter the Product
optimistic - feels like low-hanging-fruit to improve
Paul Graham post about Twitter as a protocol
Attempts to rebuild as a protocol - “promise of Farcaster is interesting”
could something pop-up? totally!
AI
existing/incumbent networks/products will add AI as a feature
exception may be in search
huge cost makes it unlikely startups will build new LLMs today
AI opportunity - McKinsey?
proprietary model on their specific corpus of data
compounding effects, faster information retrieval
nine-figure business?