️ Timestamps:00:00 - Introduction00:50 - Opportunity in AI02:39 - OverInvestment in LLMs05:37 - Impact of AI on Jobs07:19 - Value Creation in the Application layer10:32 - SaaS evolving into AI Agents12:48 - Exaggeration of Capabilities in Gartner Hype Cycle19:22 - Human Brain v/s LLMs21:53 - Cost of doing Search is High27:42 - What is Accelerated Computing31:42 - Limitations of LLMs36:57 - LLM progress curve is Plateauing?38:49 - Opportunity for VC in AI Space43:15 - Will future Startups be High Margin?44:25 - Conclusion About:Itamar is a solo capitalist and the founder of Recursive Ventures, a pre-seed fund focused on fintech, AI and emerging tech startups. Itamar has been on all sides of the startup table: as a founder and executive, an institutional VC, and an angel investor. He has supported over 50 successful startups, including Deel, Honeybook, Placer, Credible (IPO), MileIQ (acquired by Microsoft), Automatic Labs (acquired by SiriusXM), Tile (acquired by Life360), SafeGraph, and Armory. He’s been recognized by Business Insider as a Top 100 global seed investor. As an operator, he helped take Life360 from Seed to IPO, scaling the business to over $250m in revenue. Before that, Itamar was a founding team member and head of Product at Gigya (acquired by SAP). He holds an MBA from Berkeley Haas and an undergraduate degree in computer science from the Tel-Aviv Jaffa College. Follow us:Website : https://understandingvc.com/LinkedIn : https://www.linkedin.com/company/understanding-vc/ Spotify : https://open.spotify.com/show/1q7DxW3FEyP7EhH8m0VvAD Apple Podcasts: https://podcasts.apple.com/in/podcast/understanding-vc/id1551524895  Connect with Rahul:  LinkedIn : https://www.linkedin.com/in/rahulthayyalamkandy/ Email : understandingvc@gmail.com Twitter : https://twitter.com/rahul0720  About: Understanding VC is a podcast that provides founders with the knowledge and resources they need to understand venture capital. Our goal is to create the best and most comprehensive resource on venture capital on the internet, so that founders can make informed decisions about their businesses and secure the funding they need to succeed.