Des Traynor: How to Survive and Thrive in a World of OpenAI | E1082

Des Traynor is a Co-Founder of Intercom, and has built and led many teams within the company, including Product, Marketing, and Customer Support. Today Des leads all Intercom’s R&D efforts, and parts of Intercom’s marketing. ----------------------------------------------- Timestamps: (00:00) Intro (00:54) Founding Stories and Personal Dreams (04:16) The Rise and Integration of AI (10:07) Business Strategies and Product Insights (17:12) AI Innovations in Business (24:17) Resource Allocation and Investment in AI (35:09) Economic Impacts of AI (39:00) Corporate Perspectives on AI (49:53) Tech Giants and AI (58:01) AI in the World of Investing and Marketing (01:15:20) Leadership and Future Predictions (01:24:15) Quick-Fire Round ----------------------------------------------- In Today’s Episode with Des We Discuss: 1. From Consultancy to Founding a Unicorn: What was the founding a-ha moment for Des and the team with Intercom? Why does Des believe that most startup advice is BS and outdated in 5 years? What does Des know now that he wishes he had known when he started? 2. LLMs: The World is Not Equal: What does Des mean when he says the world of LLMs is not equal? How do the different LLMs vary in quality, price and speciality? Does Des agree with Alex @ Nabla, “the best companies in the future will work with many LLMs at the same time and switch between them for different things”? To what extent does Des believe LLMs will be commoditized and it will be a race to the bottom? Would Des be a buyer of OpenAI at a $90BN price? Why not? 3. How to Survive in a World of OpenAI: What two simple questions will determine if Open AI will kill your existing business? What 3 criteria will determine if there is a new business to be built on top of OpenAI? What is the different between a thin layer on top of an LLM and a thick wrapper with real value? Which traditional incumbents are most vulnerable? What should they do in this new world? How long does it take for incumbents to really be impacted? 4. The Titans of Tech: Who Wins: Why does Des believe that Apple could be a massive winner in the next wave of AI? Why does Des believe that Google have not been impressive and failed to keep pace? Why does Des think OpenAI should be wary of Amazon? What could they do to threaten them? What opportunity does Facebook have here? How could Instagram and WhatsApp win? 5. Startup and Investing 101: Why does Des believe that every founder should write a blog post per week? Why does Des believe that most B2B marketing sucks? What makes great B2B marketing? What are Des’ biggest lessons from the Hopin journey? How has Des’ angel investing changed in the last year with the rise of AI? ---------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on Twitter: https://twitter.com/HarryStebbings Follow Des Traynor on Twitter: https://twitter.com/destraynor Follow 20VC on Instagram: https://www.instagram.com/20vchq Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/contact ----------------------------------------------- #VentureCapital #DesTraynor #Intercom #HarryStebbings