20VC: Why To Win in AI, Investors Need to Change Their Approach | Why VC is Run by Principals and Associates and is a Broken System | The Bull Case for Anthropic & Whether Deepseek Changes Their Strategy with Nabeel Hyatt @ Spark Capital

3061.772 - 3078.985 Nabeel Hyatt

In fact, if we had believed that only capital was going to win, then we would not have invested in Anthropic. Because surely Sam was telling us and everybody else, like, we're going to win the capital game. Capital game is the only way to win. And so there's no reason to build a competitor. So we didn't believe that back then or else we wouldn't invest it in Anthropic. And so it's still true.