The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: UiPath's Daniel Dines on Why Agents Do Not Mean RPA is F***** | Why We Have Reached the Upper End of Scaling Laws | The Future of Work in an Agent World and What Everyone Misunderstands About Enterprise AI
Wed, 18 Dec 2024
Daniel Dines is the Founder & CEO @ UiPath, one of the most incredible journeys in startups. For 10 years, UiPath was a bootstrapped company that scaled to just $500K in revenue. Then it all changed, product market fit became obvious and the rest is history. The company went on to raise funding from Sequoia, Accel, Kleiner Perkins and more. Today, the company is worth over $10BN, listed on the NASDAQ and does $1BN+ in revenue. In Today’s Episode with Daniel Dines We Discuss: 1. The Future of LLMs: Why does Daniel believe that we are at the upper end of scaling laws and more compute will not lead to increased performance? Does Daniel believe we will see a world of many specialised models or fewer generalist models? OpenAI, Anthropic, Xai. Which would Daniel most want to invest in? Why them? 2. Is RPA F******* in a World of Agents: What is the core difference between RPA and agents? How do the tasks they complete differ? Why must we have a neutral meta layer coordinating RPA processes and agents? Why will siloed applications like Salesforce be unable to expand beyond their initial function? Why does Daniel believe that agents will not complete tasks but make recommendations? 3. The Future of Work: WTF Happens with Agents: How long will it be before agents are fully utilised in the enterprise? What is the role of the human in a world of agents? What are the single biggest concerns of enterprises considering implementing agents in their companies? Why has GenAI not been successful in enterprise so far? Will this change? 4. Daniel Dines: The Billionaire Behind the Brand: How does Daniel deal with the loneliness of being CEO? What problem did Daniel struggle with for much of his twenties and thirties? How did he overcome it? Why does Daniel fear that he is becoming more and more disconnected? Why does Daniel believe 1-1s are BS? What is Daniel’s single biggest advice to a new parent today?
Full Episode
This is a story that I never told anyone. I've wasted my late 20s, a big part of my 30s and 40s thinking in this way. It's a totally waste of cycles and energy, man. I am a lonely wolf. I find life pretty lonely, man.
i live mostly in in my head thinking analyzing reflecting this is how i spend my life this is 20 vc with me harry stebbings and i'm so excited to welcome back an incredible ceo and a very dear friend of mine daniel dines found and ceo at uipath the eight billion dollar public company dominating the rpa space and everyone says bluntly rpa it's pretty challenged in a world of agents
Well, today we discuss the future of agents, how RPA and agents coexist in the future, and what is BS and what is not in the agent world. But before we dive in, what do Henry Ford and AI have in common? Neither could change the world without automation. In the future, there will be two types of businesses, those that have automated and those that wish they had.
UiPath, the undisputed leader in automation, is taking us into the era of agentic automation. UiPath's new AI agents don't just follow rules, they think, they make decisions, they work alongside the world's most powerful software robots already trusted by over 10,000 businesses.
If agentic automation sounds new, just think of UiPath as more growth, not more overhead platform or happier customers, happier employees platform. Whatever you want AI to do for your business, agentic automation with UiPath will make it happen. Try UiPath's new AI agents for free at UiPath.com. The future of automation is both agentic and robotic, so don't get left behind.
And speaking of transforming your business with cutting-edge technology, let's dive into another game changer, Atio. Atio is the next generation of CRN. Setting up Atio takes less than a minute and in seconds of syncing your email and calendar, you'll see all of your relationships in one place, all enriched with very valuable data.
Atio also lets you build Zapier style automations, gives you powerful reports, and works perfectly for any go-to-market motion from PLG to sales-led. And Atio is designed for the next era of companies like yours. And companies like yours shouldn't have to deal with inflexible, one-size-fits-all CRMs.
So join industry leaders like Eleven Labs, Replicate, Modal, and more to scale your startup beyond the next level. Head over to atio.com forward slash 20VC and you'll get 15% off That's 15% off your first year at atio.com forward slash 20VC.
And if Atio helps you stay ahead by streamlining your relationships and operations, today I want to talk about a venture fund making waves with its unusual model. I'm talking about the Fundrise Innovation Fund, which is democratizing venture capital as a public venture fund. For example, most of the AI revolution is being built and funded in the private markets.
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