20VC Exclusive: Why Mega Platforms Will Win in VC | Why You Cannot Do VC If You Do Not Do Pre-Seed | Why Market Sizing is BS | Where Will Foundation Models Build/Buy Apps vs Where Will They Not with Bucky Moore

Bucky Moore is a Partner @ Lightspeed Venture Partners, announced exclusively in the show today on 20VC. Prior to Lightspeed, Bucky spent an incredibly successful 7 years at Kleiner Perkins working with Mamoon Hamid to build one of the most successful early stage firms of the last decade. Bucky has made investments in the likes of Prisma, Netlify, Browserbase and more. 

In Today’s Episode We Discuss:

03:07 Big News: Joining Lightspeed Venture Partners

04:09 Why Mega Platforms Will Win the Next 10 Years of VC

09:33 Are Foundation Model Companies Good Venture Investments

16:04 What Applications Will Model Providers Buy/Build? What Will They Not?

22:03 How to Approach Price Sensitivity in a World of AI

28:25 Why is it BS to do Market Sizing When Making Investments in AI

34:03 Is the Future of VC Domain Specialization

38:38 How to Know What Company Wins in Super Competitive Markets

41:06 Why Every Firm Has to do Pre-Seed To Win in VC Today?

44:43 The Risks of Multi-Stage Investing: Is Signalling Risk Real?

48:53 Investing Lessons from Leading Rounds in Glean and Windsurf

56:54 Quick Fire Round: Lessons from Mamoon, Fave CEO, Next 10 Years