Smart Software: What YCombinator Has Been Doing
April 28, 2021
I read a very good overview of Y Combinator’s involvement in smart software. Artificial intelligence generates significant investor interest and spins out massive hyperbole. “What Over a Decade of Y Combinator Data Reveals About Artificial Intelligence” takes a factual approach to characterizing Y Combinator’s activities in this active area of software and services.
The write up states:
The majority of AI funding in YC has been placed into what can be defined as Next Gen AI Infrastructure. The backbone of AI is Infrastructure which consists of numerous subcategories such as AI model development, computer vision, development operations, and natural language generation/natural language processing.
I was surprised to learn that YCombinator has placed emphasis on blocking and tackling, not spray painting the gym walls with slogans.
I circled the conclusion with a red marker.
Y Combinator’s 15 years’ worth of information suggests AI is rapidly heading towards mainstream adoption as companies are utilizing data to automate their activities. The data also suggests certain industries are getting more AI dollar investment than others (e.g., Business Operations, E-Commerce, Sales & CRM). Nonetheless, founders of startups specializing in Next Gen AI Infrastructure, Healthcare, and other mainstream industries should be encouraged that capital allocation will continue to grow in their respective sectors.
Well done. Worth reading.
Stephen E Arnold, April 28, 2021