20VC: The OpenAI Memo: Why Invest? Is it too Late to Catch OpenAI? Are OpenAI's Models Truly Defensible? Does the Value in AI Accrue to Incumbemts or Startups - Application Layer/Infrastructure? What Happens with Regulation? with Vince Hankes @ Thrive

This podcast episode explores the evolution of investing mindsets, from a focus on financial rigor to a recognition of the importance of empathy and understanding the intangible factors that drive company success. The discussion includes lessons learned from Thrive's approach to investing, the dangers of relying too heavily on preconceived notions, and the personal growth journey of investors in the tech industry. The episode also examines the current market dynamics and considers the future potential of AI and its impact on the tech industry.