Artificial Intelligence (AI) startups are some of the most susceptible to hype and magical thinking. As a result, the reality of what modern AI can actually achieve becomes convoluted.
At Creative Ventures, we often hear from our peers, “You seem really fearless about technical risk.” Ironically, this could not be further from the truth. We explicitly do not invest in technologies at Creative Ventures (even though we are a deep tech fund).
“What’s your data moat?” It’s one of the most common questions to AI-related startups. It’s also an increasingly irrelevant question. Thanks to better representations and algorithms it’s now possible to do a lot more with a lot less data. Outside of a limited number of fairly specialized applications, data moats are becoming less and less secure.