“During a gold rush, sell shovels.”

Matthias Strafinger
2 replies
Venture Capitalists Matt Turck on Generative AI Investing: a process by which venture capital firms transfer large amounts of money to Nvidia via intermediaries known as “startups” What is your Take? Is he right?

Replies

Aashu Sharma
Well that's kinda humorous 😆 I think he wasn't serious when he made this statement. There are plenty of real life problems that has been solved by emerging AI startups. I don't see any valid reason for this statement, most probably he himself wasn't serious about it.
David Smith
it's about identifying a need during a gold rush-like event and supplying the tools or resources that everyone is clamoring for, much like selling shovels during a gold rush; it's about smart entrepreneurship and seizing opportunities, isn't it? 🛠️