In this episode, Jason and Jeff sit down with Joe Magyer of Seaplane Ventures to explore how generative AI has completely rewired the startup investing landscape. The trio discusses how tools like Claude and ChatGPT have drastically lowered the cost of building software, the heavy consolidation of capital into frontier labs like Anthropic and OpenAI, and why genuine domain expertise and network effects are more valuable than ever for venture capitalists navigating an AI-native world.
01:36 Why AI Changes VC
03:55 VC Concentration Shift
06:05 Cheaper Startup Building
08:42 More Pitches to Sift
11:24 Using AI for Diligence
14:28 Human Edge and Alpha
20:41 Culture and Expertise Future
27:38 Apprenticeships and Jobs
32:06 AI Jobs History
34:19 Venture Hit Rates
37:52 Defensibility Network Effects
40:07 VC Consolidation Debate
43:14 Founder Leverage Value Add
46:20 Portfolio Support Metrics
49:36 AI Costs Falling Fast
54:47 Next Trillion Giants
57:24 Where To Find Joe
Companies mentioned: AAPL, EBAY, GOOG, GOOGL, META, UBER
Find Joe at https://www.seaplaneventures.com/
Find where to listen & subscribe, portfolio contests, and contact information at https://investingunscripted.com
*****************************************
To get 15% off any paid plan at fiscal.ai, visit https://fiscal.ai/unscripted
Listen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTube
*****************************************
Join our Patreon
Subscribe to our portfolio on Savvy Trader. Use code Unscripted2026 for 30% off a one-year subscription!
Learn more about your ad choices. Visit megaphone.fm/adchoices
