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How’s Venture Capital Changing in 2023

VC Cafe

Taking stock of the venture capital market in 2023, it’s clear to see that we’re in a transition point. And young investors who left careers in banking or consulting to enter venture feel disillusioned – they didn’t think it would be this hard. billion in new funds in the fourth quarter.

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There’s more to generative AI than picks and shovels

VC Cafe

It’s a bit crazy to think that even a year ago, the term ‘generative AI’ was not exactly on everyone’s lips. To put things in context, let’s start with the basics: 2023 witnessed an impressive influx of $15 billion invested in generative AI startups, significantly surpassing last year’s $4 billion.

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Impressions from Pocket Gamer Connects in London

VC Cafe

One trend that was prominent at the conference was the rise of generative AI in gaming. Gaming is a sector that traditionally struggled to attract venture capital investment in the early days, as mentioned by Mitch Lasky and Blake Robbins in the Gamecraft podcast. billion in 2022.

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The Real Promise of Gen AI: It’s in the Apps, Not the Pipes

VC Cafe

Although GenAI is a revolutionary technology, incumbents in the infrastructure domain are aggressively investing. Many startups have created so-called “wrappers” around platforms like ChatGPT and other Gen AI technologies. The greater opportunity lies within the application layer.

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The future of service marketplaces is AI

VC Cafe

Generative AI is well on the way to becoming not just faster and cheaper, but better in some cases than what humans create by hand. Creative AI or Creative automation is increasing at a rapid pace. The generative AI application layer (Source: Sequoia ). AI hype cycle. How far can this tech go?

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Everybody is talking about AI Agents and Automation

VC Cafe

For example what if you could pay an AI agent to file your taxes, manage your stock portfolio, write your content, summarise your meetings and remind you of action items, and so on and so on. In practice however, AI agents are unfortunately still not so reliable, and you’d be taking a big risk by using them blindly.

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Where is the Metaverse headed in 2023?

VC Cafe

Like any new and emerging technology, the Metaverse has faced its share of challenges and criticisms. Layoffs, technology difficulties and expensive hardware didn’t massively help build a positive story. Like any new and emerging technology, the Metaverse has faced its share of challenges and criticisms.