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

750.544 - 772.077 Harry Stebbings

Yeah, I remember Bruce Dunleavy, I said to him once, so, what do you think of all of these transitions in the industry and how difficult it is? He said, venture is an incredibly simple business. Yeah. Very hard. Very simple. Very simple. And I always kind of go back to that. So like that's not the right way to do it. You mentioned that kind of principles and associates running firms totally agree.