VC Jennifer Neundorfer explains how founders can stand out in a crowded AI market | TechCrunch
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VC Jennifer Neundorfer explains how founders can stand out in a crowded AI market | TechCrunch
""Where I tend to get excited is when I see someone who is using AI to do something that isn't 10x better. It's actually to create a whole new experience or workflow or behavior," she said. "That's what we're looking at. Less of the incremental changes and more totally new behaviors.""
""Where I think founders are breaking through is when they can communicate to investors why what they're doing is really different than the other dozens of startups that are doing that and why they are the team to go after that," she said."
""Founders who can stay ahead of that curve, build at the edge of what's possible today, and build for what's coming," she listed. "Founders who are able to really read the market and understand what it is their customer wants versus just building what is possible. Those are the founders that will have an advantage.""
Investors and founders are intensely focused on AI, and venture firms are exploring AI tools to improve efficiency in due diligence, market research, and competitive analysis. Preference is given to founders using AI to create entirely new experiences, workflows, or behaviors rather than incremental, 10x-style improvements. Many AI ideas are starting to sound similar, causing fatigue and raising the bar for clear differentiation and team credibility. A market correction is likely, and numerous well-funded companies may not survive. The companies most likely to win will be truly category-defining, able to anticipate customer needs and build at the edge of what is possible.
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