“During a gold rush, sell shovels.”
Matthias Strafinger
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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?
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David Smith@davidsmith_27
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? 🛠️
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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.