Palihapitiya: AI Could Allow More Startups to Succeed With Less VC Money
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AI tools like ChatGPT give founders more leverage and allow startups to do more with less funding, retaining more equity
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Palihapitiya predicts AI will disrupt VCs as founders realize they can get better outcomes owning more of a moderately exiting company
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With AI, founders are increasingly focused on reaching profitability and owning as much equity as possible rather than raising at high valuations
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Palihapitiya believes AI productivity gains could enable a world with tens of millions of 1-2 person startups needing less financial engineering
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He says there's a reasonable case that the VC job will change profoundly or even cease to exist in an AI future