20VC: Why AI Models are not a Moat, Where Does the Value in AI Accrue; Startups or Incumbents, What the World Has Got Wrong About AI, Why AI Needs a New Story and Who is the Right People to Tell it with Cris Valenzuela, Co-Founder & CEO @ Runway
Posted on 28th August 2023 by Harry
Cris Valenzuela is the CEO and co-founder of Runway, the company that trains and builds generative AI models for content creation. To date, Cris has raised over $285M for the company from the likes of Lux Capital, Felicis, Coatue, Amplify, and Nvidia to name a few. Runway’s customers include academy-nominated movies, TV shows, media companies, and creatives across industries.
In Today’s Episode with Cris Valenzuela We Discuss:
1. From Childhood in Chile to Founding one of the Hottest AI Startups:
What was the founding moment for Cris with Runway?
His investors described Cris as an “outsider”. Does Cris believe he is an outsider? What are the biggest pros and cons of being an outsider?
What does Cris believe he is running from? What is he running towards?
2. Models are not a Moat: Models 101:
What does Cris believe is more important; model size or data size?
Why does Cris believe that models are not a moat?
How does Cris think about the lifespan of models? Will any used today be used in a year?