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The Uber that Never Was

This is going to be BIG.

Using the proliferation of newly GPS-enabled mobile devices to enable taxi hailing and beat out stagnant incumbent providers was always going to be a big win for consumers. It provided a better service than existing cabs were going to be able to do for at least several years—cutting out lots of unnecessary overhead in the system.

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Document onboarding startup Flatfile nabs $50M from investors, including Workday

TechCrunch

” Flatfile competes with incumbents like Textract, Amazon’s service that can automatically extract text and data from scanned documents, and Microsoft’s data onboarding tool Form Recognizer. Annual recurring revenue is over $5 million, and we project it will more than double over the next 12 months.”

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Every time OpenAI cuts a check for training data, an unlaunched competitive startup dies. Without a ‘safe harbor,’ AI will be ruled by incumbents.

Hunter Walk

Responsibility : Documented Trust and Safety protocols to allow for escalation around violations of your Terms of Service. So long as you’re not knowingly, willfully and exclusively targeting and exploiting particular copyrighted sources, you will have infringement safe harbor.

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Usage as the Moat in AI

Tomasz Tunguz

Incumbents have seized the moment with Microsoft, Adobe, & others integrating generative AI into their products quickest. Models require millions of dollars & technical expertise to deploy: document chunking, vectorization, prompt-tuning or plugins for better accuracy & breadth. What are these moats? What are these moats?

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Trends in the Post-Modern Data Stack

Tomasz Tunguz

We use vectors to find similar documents & images & content to help AI answer questions better or generate inspiring images. We discussed some of the potential reasons : the lack of immediate cost cutting, the desire of the incumbents to retain that data for their own revenue.

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Putting Data in a Corner: LLMs and Financial Services Data

Andreessen Horowitz

For new entrants looking to take advantage of the advent of LLMs and disrupt the status quo by going upstream of these incumbents, we’ve done a deep dive into Bloomberg, Morningstar, and Verisk’s stories. In doing so, each built the beginnings of what are now category-defining businesses.

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Second-Class Investor Citizens: Facebook’s IPO and Dual-Class Equity Structures

Gust

By contrast, venture capital and angel investments normally take the form of Preferred Stock with rights and preferences set forth in the company’s Certificate of Incorporation and other governance documents. Nevertheless, these preferences aren’t intended to last forever.

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