On this special segment of The Full Ratchet, the following Investors are featured:
- Oren Yunger
- Laura Chau
- Mike Whitmire
We asked guests to discuss the factor that could cause the most disruption to the industry going forward and how that will change the next decade of venture.
The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.
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Transcribed with AI:
0:19
Welcome back to TFR on today’s special segment, we ask guests to discuss the factor that could cause the most disruption to the industry going forward, and how that will change the next decade of venture here’s the segment called disruptive forces.
0:38
On today’s special segment, we have Oren younger, of notable capital Oren, what factor could cause the most disruption to the VC industry, and how will that make the next 10 years of VC look different than the last 10
0:49
so currently, AI and has a deep and deep impact across industries. It’s the new gold rush, and every company is now expected to have a vision and a plan for AI. But in general, Vc is a space that is constantly being disrupted. Last cycle, we had web three metaverse. Before that, we had clean tech and the list goes on, technology is changing constantly disrupts VC investing one point that is important to touch on, that venture capital firms need to constantly change and reinvent themselves. What they focus on, how they source, how they support companies, how or if they should scale. The goal post is clear. We need to return dollars to our investors, but standing still will not get us there. Love it.
1:39
On today’s special segment, we have Laura Cho of Canaan. Laura, what factor could cause the most disruption to the VC industry, and how will that make the next 10 years of VC look different than the last 10? You
1:51
know, the last 10, and I started in 2014 so much of it was around finding the right companies, and that continues to be the case. But I think sourcing could become something that is just not really an aspect in the future, just given data access, all of these signals that we’re starting to see around companies, their growth, their teams, certainly not all of it will be public. It’s private investing. But I think a lot of the guesswork relationship work in the sourcing piece of it could become democratized, and I think that would be a vastly different approach to venture Interesting, yeah.
2:36
On today’s special segment, we have Mike Whitmire of flowcast. Mike, what factor could cause the most disruption or change to the future of FinTech and accounting, and how will that make the next 10 years look different than the last 10? I’m just
2:49
gonna llms and AI. I’ll go, I’ll go back to that. I think, like I said, I think it’s gonna fundamentally change the role of accountants. And one of the things I love about it is, right now, there’s people are very jaded on accounting, like, if you look at Reddit, for example, you go to the accounting thread, not a lot of good things are being said about accounting, and that’s really impacting college kids and their decision to major in accounting. And there’s not really a good I don’t think anyone’s done a good job of painting the vision of accounting and what that’s going to look like going forward. There’s just the fear of AI automating all of it. And am I going to have a job? And one of the biggest reasons to major in accounting is you’re going to have a job. That’s one of the best selling points that a college professor has, is you will have a job after you graduate. Same can’t be said for the marketing people or whatever, but you will have a job in accounting. But now that’s that’s a fear that that’s not going to be a thing. And so what’s so compelling about going into accounting if you’re if you don’t think you’re gonna have a job coming out of it. So I think that our approach to leveraging llms, to turn accountants into really software engineers and move into more the world of prompt engineering is at least a vision that can be understood it’s early on, but that’s that’s where accounting is going, and it’s really empowering our T our our customers, to automate their own work via prompt engineering.
4:06
That will conclude this installment of investor stories. If you’re enjoying the program and would like to see it continue, take a moment and leave a five star review in iTunes. Okay, that will wrap things up for today until next time over, prepare, Choose carefully and invest confidently. Thanks for joining me.
