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What opportunities can hype cycles bring? Union Square Ventures co-founder Brad Burnham shared what he’s learned from decades of venture investing in conversation with M13 Partner Latif Peracha at this year's Future Perfect. A few highlights: 1. Hype cycles bring innovation opportunities: "Without that financial bubble, without that enthusiasm, you don't get the experiments that you need in order to put the infrastructure in place to build real systems,” Brad says. "[At USV] we made the argument that we were through the initial crash of the information technology hype cycle, and that we were going to be building now into what Carlota Perez called the deployment period. That’s when a lot of the technologies that were first introduced in the crash actually became important." 2. Adaptability is key: "It's our job to figure out how to live with these new problems. It's not the job of the technology or the market to make it easy for us,” says Brad.  3. Focus on implications: Both investors encouraged looking at the implications of a technology, not just the technology itself. Thinking beyond the infrastructure or core technical pieces brings a huge number of meaningful opportunities. Read more on #AI, #crypto, and riding hype cycle waves from Brad and Latif: https://lnkd.in/eJEyHj6m

What Do Hype Cycles Teach Us About the Future of AI and Crypto? Two VC Investors Weigh In. | M13

What Do Hype Cycles Teach Us About the Future of AI and Crypto? Two VC Investors Weigh In. | M13

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