161. Why SaaS is not a fit for VC and How AI Compounds Competitive Advantage (Ash Fontana‪)‬ The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

Ash Fontana of Zetta Venture Partners joins Nick to discuss Why SaaS is not a fit for VC and How AI Compounds Competitive Advantage. In this episode, we cover:
Categories of AI that Ash is most interested in The difference between real AI and AI-enabled companies Why SaaS will cease to be investable by VCs The current AI stage of adoption How he times the market The four phases of AI What phase of AI they invest in How AI is and will be affected by limited data How startups can compete for talent w/ GAFA (Google, Amazon, Facebook, Apple) The moats being created by their AI-first portcos How they think about metrics and milestones for AI-backed companies If AI should be feared and finally we wrap up w/ Ash's thoughts on Chris Dixon's position that we will see a movement from centralization back to decentralization in tech-- and the role that AI will play  
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