On this special segment of The Full Ratchet, the following Investors are featured:
- Godard Abel
- Manish Patel
- Han Shen
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 Godard able of g2 Goddard, what factor could cause the most disruption or change to B, to B, SAS, and how will that make the next 10 years look different than the last 10? At the
0:50
risk of being obvious, I do think it’s Gen AI, and I do think it’ll totally change the user interface for enterprise software, because it’s always been like forms and workflows, like CRM systems. Here’s a contact record 10 required fields. Figure, users always hated it. It’s always been very useful for the enterprise, and I think now conversational AI will do that for us. Let’s pull the contact out of the email, and so I think the whole user interface can be reimagined. And maybe these systems are just databases behind the scenes, and we won’t even see them, because we’ll just be doing our work, you know, Gmail, phone calls, voice and the AI is capturing, taking all the notes, updating our systems, our workflows for us. And so I do think that leads to tremendous disruption. And I don’t know who’s going to win, but I think both the incumbents are trying to innovate tons of startups, but I do think in 10 years, we will no longer be, you know, kind of feeding forms and workflows in enterprise software like we have for the last 40 years, and we’ll probably just be talking to our systems, doing our jobs, and all that stuff will happen behind the
1:49
scenes. Thank goodness for that.
1:57
On today’s special segment, we have Manish Patel of Nava ventures. Manish, 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? Yeah,
2:07
so I’ll say AI, but that’s pretty cheesy answer, but I’ll tell you why, because I think there’s gonna be a lot of companies that should not take venture capital because of AI. I think right now, everybody thinks they need to take venture capital, which actually does a disservice to the entrepreneur. I think this idea of like, two or three people building a company that can touch the world in a very lean way is super exciting, and I think that’s going to change how the VC industry operates. You know, there’s the open set opening eyes the world that are sort of cash hogs that need all this capital grow, but there’s going to be a lot of other companies that can reach a billion people that will never touch venture capital. And I think that’s really exciting, isn’t
2:42
it? Isn’t AI, in a way, kind of be a little bit like Cloud Compute, though. It’s going to be like gas, you know, you kind of, you need it for fuel to do a lot of the things, of
2:52
it, of the models, which I think we’re in the moment now, being compute intensive, and you have to do that, right? But I think in five years, models will get more sparse, lighter, et cetera, and that’s going to allow you to do things at a scale that you’ve never been able to do before, and cheaply, much, much more cheaply, too. Love it.
3:14
On today’s special segment we have Han Shin of iFLY Han, 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 time the disruption
3:25
is already happening, because the LP structure has changed a lot, right? You know, it used to be established endowment to find a fund, but nowadays, when you look at the landscape of LP, right? A lot of families offices are making direct investment into the fund, or even companies. There are lots of talents, you know, at this kind of a inside the camp of such LP base. And so for the GP, like you and me, of course, you know, we love to be endorsed by very established GP, excuse me, LPs like endowment and final fund. But I think we both have benefited from the LPS that are shrewd, smart, hard working also bring their resource, because a lot of the family offices have their own industrial angle, their network and resource. So for us, it’s really about building the right fit with our LPs. So for these LPs to come into play in this arena. They can also add value. When I talk to our LPS say, look, I appreciate your trust and support giving us capital. But can I ask something else? Can I have your time because these MLPs carry such abundant knowledge of building companies in their domain, in their industries, and their success is not random, and let’s learn from them. Let our founders learn from them. So that’s why this landscape is tilting into different kind of a combination of LP, GP and founders. And to me, that’s something we should also take advantage as quote, unquote, emerging managers. Yeah.
5:04
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.
