A Precursor Ventures investor questions whether billion-dollar inception-stage AI companies will be solid long-term bets. Being on a big fund's radar doesn't guarantee future funding. Founders still need to break through noise or prove strong performance to secure the next round.
You're already sort of in the club. It doesn't mean your next round is guaranteed. It doesn't mean they're going to give you more money. You're already in the consideration set. When you start off as, you know, two guys and a dog in a hot tub with $500K, you've got to like work hard to get the attention of the big funds. And sometimes you get their attention à la Clueless by like breaking through the noise floor. And sometimes you get their attention through performance. But the companies that start with their attention are actually just living in a different world. And I'll be very curious to see If we fast forward 10 years, were these billion-dollar research lab, compute-based data center, whatever it might be, were these billion-dollar inception-stage companies good investments?
