Chaddha cites Nvidia as a leader in the AI era and emerging leaders like open source AI model community Hugging Face and foundational model platform OpenAI. He encourages AI-first founders to think big about becoming an independent company that dominates a layer of the new technology stack. He also advises founders to identify their innovation bet and frame it as a painkiller, not a vitamin, for the specific persona they are targeting.
Key takeaways:
- Navin Chaddha, managing partner at Mayfield, believes we are at the dawn of the generative AI era, which will require a specialized focus from investors.
- Mayfield has announced the first dedicated seed vehicle in their history, the $250 million Mayfield AI Start, to support founders from day zero.
- Chaddha advises AI-first founders to think big about how they will become an independent company that dominates a layer of the new technology stack.
- He also encourages founders to identify their innovation bet and frame it as a painkiller, not a vitamin for the specific persona they are targeting.