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20VC: Why Now is the Time for the Application Layer | Why OpenAI & Anthropic Won't Win the App Layer | Why Startups Should be TokenMaxxing | Why VCs Should Reduce Weighting on Price & Ownership in an Age of AI with Mike Mignano, USV
Mike Mignano is a General Partner at Union Square Ventures, one of the most iconic venture firms in the world, whose investments include Coinbase, Stripe, Etsy, Twilio, Cloudflare. Before joining USV, Mike was a Partner at Lightspeed, where he backed breakout AI companies including Granola and Suno. Prior to investing, he co-founded Anchor, acquired by Spotify.
AGENDA:
00:00 Is Fear of Failure the Secret Weapon Behind Great Founders?
07:20 Why Leave Lightspeed for USV — and Is Thesis-Driven Venture Still Alive?
09:50 Is the Real AI Money Still in Infrastructure, or Are Apps Finally About to…
The skinny
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