In this episode of the 20 minutes VC, host Harry Stebbings interviews Rudina Seseri, founder and managing partner of Glasswing Ventures, an AI-focused venture fund based in Boston. Rudina shares her journey from Microsoft's corporate development group to venture capital, emphasizing the importance of people and execution in startups. She discusses the transformative power of AI, particularly narrow AI, driven by pervasive connectivity, data abundance, and reduced storage costs. Rudina predicts the mainstream adoption of AI and self-driving cars within the next decade, stressing the need for ethical standards and consumer data control. She also outlines Glasswing Ventures' strategy, focusing on deep AI knowledge to disrupt enterprise sectors and create new categories like social robotics. The episode concludes with Rudina's vision for Glasswing Ventures to become a top-tier, transparent, and transformative firm.
"Well, today's guest is so bullish on the future of AI, she has a fund devoted purely to AI, and I'm delighted to welcome Rudina Cesari, founder and managing partner of Glass Wing Ventures, a Boston AI-focused fund."
The quote highlights the dedication of Rudina Seseri to the field of AI and introduces her as the guest who has founded an AI-centric venture fund.
"You are listening to the 20 minutes VC with your host Harry Stebings, and you can find me on Snapchat at h stepbings for mojito making madness, startup stories, and of course, plenty of vc chat."
The quote introduces Harry Stebbings as the host of the podcast and gives insight into his personal interests and social media activity.
"Gosh, I've been in venture now for about a decade, working on early stage investments and companies, particularly series a and seed, both on the enterprise as well as consumer platform side."
This quote summarizes Rudina's extensive experience in venture capital and her focus on early-stage investments.
"Well, behemoths and dinosaurs die slowly. So the ability for a large company to disrupt oneself is quite difficult."
The quote reflects on the challenges that large corporations face in terms of innovation and self-disruption.
"To be perfectly honest, what has transformed or what has changed the market timing for adoption is this emergence of what we at glasswing call pervasive connectivity and the inputs and outputs to it."
This quote explains the shift in market dynamics that has made AI a focusable theme in venture capital today.## Ownership of Device-Produced Data
"I think it will be a hybrid... But you'll also see this push from consumers to have more control."
This quote highlights the prediction that data ownership will not be solely public or private, but a mix of both with an emphasis on increasing consumer control.
"So I think we might see a world where consumers have to buy in and have to approve and get some sort of benefit, wherever the case may be."
Rudina Seseri suggests that consumers might have to actively consent to their data being used and possibly receive benefits in return, indicating a shift toward consumer empowerment in data usage.
"There is no artificial intelligence that replaces human execution."
Rudina Seseri emphasizes the irreplaceable value of human execution in business, placing it above the importance of data and technology for investment success.
"Having the right data sets to train these models and to create even more... is important."
This quote acknowledges the importance of data in developing AI technologies and the competitive advantage it can provide to companies.
"I do think that there are big data incumbencies, and I do think that they require, if you will, they're a challenge to overcome."
Rudina Seseri recognizes the challenge startups face against established companies with vast data resources but suggests it's not insurmountable.
"The agility of a startup, and with execution and access to other sources of data."
This quote reflects the belief that startups can compete against incumbents by being agile and finding new data sources.
"We fundamentally believe that we're entering the third disruption cycle."
Rudina Seseri states the belief that a new era of technological disruption, centered around AI, is beginning.
"We expect that, as in prior waves, the adoption cycle for AI-powered products and platforms will be shorter."
This quote suggests that the uptake of AI technologies will be faster than that of previous technological waves, due to various factors including generational tech-savviness.
"I think it's the millennials and the younger generations that how tech savvy they are and how quickly that adoption is taking place."
Rudina Seseri credits the tech-savviness of younger generations for the swift adoption of AI technologies.
"I have a three year old and I think she's going to be an AI native with not just sort of the interactions... but also the whole world of social robotics."
This quote illustrates the belief that future generations will grow up with AI deeply integrated into their daily lives, shaping their relationship with technology.
"You essentially are developing software that far out"
Rudina Seseri points out the transformative nature of AI in software development, where AI allows the creation of self-improving software systems.## AI-Powered Disruption in Enterprises
At some point, as you feed more and more and more data, it will reach a peak of learning, and then it becomes a business decision rather than fundamentally a tech constraint around.
This quote emphasizes the point at which AI's learning from data reaches a peak, shifting the focus from technological limitations to strategic business decisions about the value of further investment.
I'm sure there are business model ramifications, but to say that you have an AI powered product, you're speaking to the performance, you're speaking to how you're building it, you're speaking to, if you will, jumping a curve. Jumping an S curve.
Rudina Seseri explains that AI products are more about the technology's disruptive capability than about creating new business models, although they don't prevent innovative monetization strategies.
But I do think we're 2030 years away from that. And when we get there, I hope we will put the right parameters in place to make the right decisions, because there are a lot of ramifications, some of which are not all positive.
Rudina Seseri suggests that superintelligence is decades away and underscores the need for ethical and standard frameworks to manage its impact.
When there is disruption, there is always displacement of employment and labor, and that's a reality.
Rudina Seseri acknowledges the reality of job displacement due to disruptive technologies but advocates for a focus on new opportunities that leverage human skills and AI.
I think in the next five to ten years we'll probably see quite a bit more penetration of self-driving cars.
Rudina Seseri predicts significant penetration of self-driving cars in the near future, indicating a shift in transportation norms.
It's a case of having deep knowledge and experience and expertise around the core AI technologies such that you are focused in that regard.
Rudina Seseri highlights the importance of expertise in AI technologies for investment strategies that aim to disrupt or create new market categories.
And then you have the whole space of cybersecurity and the ability to leverage these big data sets and models to not just be reactive in nature to security vulnerabilities and hacks, whether they're at the network data or identity level, but to actually be able to predict and perhaps one day prescript to taking to the even a higher level.
Rudina Seseri discusses the transformative impact of AI on cybersecurity, with the potential to predict and respond to threats more effectively than ever before.## Software Transformation
No, I think that's only a facet. I think the fundamental difference is about having a software that it's effectively to have systems that continuously self improve, that is transformational.
Rudina Seseri emphasizes the importance of self-improving systems in software, suggesting that it's a transformative feature that distinguishes modern software capabilities.
Let's start with your favorite book and why Paris, 1919? It's basically the history of what happened at the Paris conference after World War I, and it essentially shaped the rest of the 20th century and even some of the new world order in the 21st century. Hands down, my favorite book, biggest mentor.
Rudina Seseri explains her favorite book, "Paris, 1919," highlighting its significance in understanding the historical events that have influenced modern global order.
So they have been guiding me without being too much into weeds, and I've always been grateful for that. But they've changed over time as my career has advanced and altered over time. So I would say the steady figure in my life has really been my mother.
Rudina Seseri reflects on how her mentors have evolved throughout her career and singles out her mother as a constant source of guidance and inspiration.
Tim Urban's weight by y. I love it. Love it. Can't wait for it.
Rudina Seseri expresses her enthusiasm for Tim Urban's blog "Wait But Why," particularly for its educational content on artificial intelligence.
But I have a whole new level of appreciation for what it takes to set up a startup, to be the janitor and the CEO and everything in between.
Rudina Seseri conveys her newfound respect for the multifaceted responsibilities and the intense commitment required to establish a startup.
So the vision ahead is to transform glasswing into a market leading firm. [...] if we have achieved those goals of being transparent, of being transformative, and in the companies that we invest in and the help that we provide, as well as becoming a top tier firm, I think we will be in a good spot.
Rudina Seseri outlines the long-term goals for Glasswing, which include achieving transparency and transformation in their investments and positioning the firm as a leader in the market.
And meditation can really help. And headspace is meditation made simple. [...] Luma is the world's first ever surround wifi system that brings speed, security and control to your home network.
Harry Stebbings shares his personal recommendations for Headspace and Luma, highlighting their benefits for mental well-being and home Wi-Fi management, respectively.