Unlocking the Opportunities for AI Startups: Insights from Veteran Enterprise VC Peter Wagner

What are your thoughts on the current state of venture capital?
I think a lot of the venture capital model has been broken for a long time. The venture business model was very much built around the idea of venture capital funds raising money in short time frames and quickly deploying it into companies. That was really unhealthy, the idea of coming back to raise a new fund every year or two. That type of time compression is not good for anybody.

It’s also been unhealthy from the perspective of the founders, who often have to move so quickly that they don’t have a chance to think things through. The venture industry has become too short-term focused, and I think that’s starting to change.

At Wing, we’ve taken a much more patient approach, taking the time to really get to know the founders and their businesses. We don’t do a lot of deals, but the ones we do are very thoughtful and very deliberate. We’re not just investing in companies, we’re investing in people and the future of their businesses.

We’re also big believers in building long-term relationships with founders. We want them to know that we’re here to stay and that we’re here to help them in any way we can. We’re also very focused on how our portfolio companies can work together to mutually benefit each other. That’s why we created our enterprise angels program, to give our companies access to experienced investors who can help them grow and scale.

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