1Mby1M Virtual Accelerator AI Investor Forum: With Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital (Part 6)

Sramana Mitra: One of the things that I’m excited about in what’s happening right now is the smaller businesses’ ability to afford technology. For that to be more and more interesting, there will need to be more and more interesting technology available at really low prices that are affordable for the small businesses. That opportunity is still very big.

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Will Apple’s AI Investments Drive Hardware Sales?

Apple (Nasdaq: AAPL) recently announced its fourth quarter results that continued to outpace market expectations. iPhone sales appear to have made a rebound. Apple is counting on its AI-initiatives to further drive sales of its hardware. But it is early days to see if that strategy will truly pay off.

1Mby1M Virtual Accelerator AI Investor Forum: With Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital (Part 5)

Sramana Mitra: That is absolutely correct in the examples that you’re giving. There is one thing I want to point out for the audience. Remember when software was being sold by large companies to large enterprises. Back then, this whole category of software companies came in and priced very low SaaS offerings and started selling to SME.

That was a very different business, and their customers are really the no-name customers. That was the strategy that they followed successfully. So that is a valid strategy.

Video FAQs

1Mby1M Virtual Accelerator AI Investor Forum: With Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital (Part 4)

Sramana Mitra: So coming back to what you said about the data not being a long-term defensible mode, my follow-up question on that is, what is in your view and in the portfolio that you are developing in this field, what are you envisioning as a defensible mode?

Benjamin Narasin: So my thesis or hypothesis is that this will be very similar to the early days of the web.

1Mby1M Virtual Accelerator AI Investor Forum: With Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital (Part 3)

Sramana Mitra: We have a question from the audience. Sanjeev Munjal is asking, “Does this mean that businesses with a lot of historical data can generate LLMs better for sectors like banking, insurance, etc.?”

Benjamin Narasin: Well, that’s somewhat my point—it’s a temporary advantage if a business has historical data.

1Mby1M Virtual Accelerator AI Investor Forum: With Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital (Part 2)

Sramana Mitra: Before we move on to the next example, Ben, what kinds of insights are being tracked by this AI chief of staff?

November 21 – 663rd 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 662nd FREE online 1Mby1M Mentoring Roundtable on Thursday, November 21, 2024, at 8 a.m. PST / 11 a.m. EST / 5 p.m. CET / 9:30 p.m. India IST.

If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.

You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!

662nd 1Mby1M Roundtable Recording

In case you missed it, you can listen to the recording of this roundtable here: