Generative AI is already being used in developer workflows. We expect AI to further augment content creation pipelines by generating images, audio, video, and code. 2023 Unity Gaming Report Generative AI is faster than most consumer products and attracting a high level of VC investment, even in today’s tough funding environment. The applications for generative AI are vast, for us at Remagine Ventures, naturally the impact it can have on gaming is really significant. So, will generative AI play a role in gaming? How is it being used today? Will it work? At GDC, the Games Developer Conference ..read more

Generative AI might be the next major platform shift and Big tech has no intention to stay behind. Building foundational models in generative AI because it requires a lot of engineers, vast cloud resources and huge amounts of data, all the capabilities that big tech posses. As Andrew Ng pointed out in his TED talk: Until now, Microsoft was clearly in the lead via its close affiliation with OpenAI and their effort to integrate generative AI in its suite of products at a rapid pace. A month ago, Google botched the announcement of BARD (Google’s chatbot that was meant to compete with ChatGPT but ..read more

“The biggest collapse since the financial crisis” is no laughing matter. Silicon Valley Bank was the bank of many founders and funds (30% according to some estimates), including our own at Remagine Ventures. The decisive action taken today by the Department of Treasury, The Federal Reserve and the FDIC (the Federal Deposit Insurance Corporation) to make depositors whole and get access to their account balance on Monday morning, averted a much bigger financial crisis and knock on effects. In the UK, SVB UK was acquired by HSBC for a symbolic sum of £1, also guaranteeing depositors have access t ..read more

i think AI is going to be the greatest force for economic empowerment and a lot of people getting rich we have ever seen — Sam Altman (@sama) February 13, 2023 I’ve been covering generative AI in VC Cafe for the past couple of years. In November I wrote that generative AI will become truly mainstream when it moves from playful to useful. We seem to have hit that inflection point in January, merely two months after the public launch of ChatGPT when the service hit 100 million users, making it one of the fastest growing consumer products of all time. Now that OpenAI launched a ChatG ..read more

Taking stock of the venture capital market in 2023, it’s clear to see that we’re in a transition point. For the past 10 years, with interest rates near zero, VC investors plowed record amounts into tech startups and enjoyed a seemingly ‘easy’ investing environment. Prices went up from round to round, and startups were encouraged to grow, grow, grow, and not to worry about profitability. It’s safe to say that that era is now over. And young investors who left careers in banking or consulting to enter venture feel disillusioned – they didn’t think it would be this hard. What’s going on in Ventur ..read more

“The vision is the idea that you come up with, that nobody else can see, that you’re uniquely qualified to execute.” – Marc Andreessen In the book “Super Founders“, author Ali Tamaseb, studied 200 Unicorns, aka startups valued at over $1 billion, started between 2005 to 2018. Interestingly, there’s now more than 1,200 unicorns, but with the current state of the market it’s unclear how many will be able to justify yesterday’s price tag at exit. Ali reviewed over 65 data points for each one of these companies, from the number of co-founders, the founders background, the sector, the investments ..read more

“Games give us a way to try on different identities, different roles, different goals, and different challenges. They offer a chance to collaborate and compete, experiment and explore, and test our skills and our creativity. In short, games give us the tools we need to become the best version of ourselves.” – Jane McGonigal The term “Impact Investing” is often used synonymously to ESG (Environmental, Societal and Governance) companies. As impact investing gains traction among investors looking to make a difference, many still see it as a niche market, focused on traditional sectors like renew ..read more

How are we doing? This is a question startup founders ask themselves multiple times a week. It’s not just the competition against the incumbents and the large tech platforms that founders has to worry about, but most importantly is the company’s performance and product market fit. Understanding the benchmarks on conversion, retention, and churn for your business is therefore critical. They encompass the effectiveness of marketing (the startup’s ability to reach and resonate with target customers) and stickiness (the product’s ability to deliver value to customers over time). I previously wrote ..read more

AI has become the year’s venture capital buzzword. Dan Primack, Axios Earlier this week I joined Dr. Juanita Gonzalez-Uribe at the London School of Economics & Political Science (LSE) to give a talk to her Entrepreneurial Finance class. I covered my personal journey to venture capital, what makes our partnership work at Remagine Ventures, and gave an intro to Generative AI, a current theme that connects to our investment thesis (we made 3 investments in the space). Models like GPT have been around for years now, but it’s the accessibility of the tools, and the rise in awareness that are m ..read more

“If Opportunity Doesn’t Knock, Build a Door.”  Milton Berle At the moment of publication of this post, over 95,508 tech employees from 308 companies were laid off since the beginning of 2023 according to Layoffs.fyi. And it’s only February. In Israel, the market I actively invest in, the number stands on 2,000. Layoffs are unfortunately likely to continue as funding for later stage companies continues to contract. It is important to remember that being laid off does not define you, and there are still plenty of opportunities available for those willing to put in the effort and take initi ..read more