Chris Dixon: belief

Transcript context

…What will AI competition for a16z look like? You have an AI competitor. What are they like? Yes, it’s funny. It’s a good point. Look, what is venture capital? That goes to your question. Venture capital today is a bundle of services. There’s, obviously, this choosing where we raise money, and then there’s some picking aspect of choosing what to invest in. In that picking aspect, I think AI could do a very, very good job and probably beat humans in a lot of ways in the near future. There’s another aspect, and this is one of the smart things the founders of the firm, Ben [Horowitz] and Marc [Andreessen], did is, there’s a very human aspect to what we do. There’s a high-touch human aspect. A lot of what we do and a lot of how we think we succeed is, we create a culture in a group of people where entrepreneurs decide they want to work with us. Again, we spend a lot of our fees that we make — instead of on our own salaries — on a set of people that help them. But can’t AIs do that? They’re great therapists, right?…

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