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Mention that you do “Consumer tech” as a startup founder and you’d be limiting your funding options to one third of the venture capital funds (in Israel that figure is probably closer to 10%). Until now, consumer tech was perceived as a risky binary investment.
We had initially wanted to begin with a performance review product or a more conventional marketing product, but we started off in recruiting for very practical reasons: 1) We cared about the problem and 2) We were pretty sure we were going to win. Today, you’d look at Textio and say it’s an HR Tech company.
Listen to Steve read this post (9 min audio) An AI-generated song purporting to be Drake and the Weeknd caused a stir in the music world after going viral and accumulating over 20 million views on streaming and social platforms. The label condemned the song for “infringing content created with generativeAI.”
It’s not perfect of course, and the majority of opportunities will come from entrepreneurs and not from investors, but it’s a good barometer of the current Zeitgeist in tech. AI Augmenting Human Capabilities ? This is a follow up to a similar post I published in 2024. Now is the best time in history to be a builder.
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