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True Ventures' contrarian approach to AI investing beyond the hype

The Full Ratchet · 501. Spotting the Next Big Thing, Why This Cycle Is...

“Three times that number is an awful lot of value.”

37:32 / 38:04

Five times that number is an awful lot of value. Three times that number is an awful lot of value. So we get it wrong, so there's too much to cap. Two times that number is an awful lot. It could be off by an order of magnitude and it's still huge. It's huge. And that's the application layer. And Is that the nonconsensus

way to be investing in AI right now? Because True is known for contrarian style nonconsensus investing. Like, how do you access AI in a way that's not overpriced and bubbly and bloated?

Well, so two answers. The the first of which is just data. So,

About this clip

Jon Callaghan discusses how massive value opportunities exist in AI even if valuations are wrong by orders of magnitude. He explores True Ventures' nonconsensus approach to accessing AI investments without getting caught in overpriced, bubbly markets.

Why this clip

Callaghan reveals a specific contrarian investment thesis on AI that goes against mainstream approaches to avoid bubble pricing.

37:32 - 38:0433scontrarian take
ai-investingcontrarian-investingvaluation-strategy

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What they said next

We were called crazy for investing in hardware when everyone said VCs couldn't make money there

7:18 - 34s · contrarian take

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