Venture Capital

Why Most AI Startups Will Fail: Accel Ventures' Partner

by venturebeat.com posted 4years ago 796 views
The partner at venture capital firm Accel made this statement today at the AI by the Bay conference, where he joined five investors for a discussion on what VCs are looking for in AI startups. The panelists acknowledged the hoopla surrounding AI and soundly rejected the idea that VCs are backing AI startups because of a personal passion for the tech, or simply because it’s a “hot” space. Their conversation also reminded everyone that most startups will fail.