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20VC: The Best AI Companies Have Unique Data Acquisition Strategies | Will Simile Kill Kalshi, Polymarkets and NASDAQ | How to Sign Fortune 500 Companies As Customers in Weeks with Joon Sung Park, Simile

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20VC: The Best AI Companies Have Unique Data Acquisition Strategies | Will Simile Kill Kalshi, Polymarkets and NASDAQ | How to Sign Fortune 500 Companies As Customers in Weeks with Joon Sung Park, Simile

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

19 HOURS AGO
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

19 HOURS AGO
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

Joon Sung Park is the Founder and CEO of Simile, the AI simulation company building foundation models of human behaviour; allowing companies to test how real people may think, decide and act before making a decision in the real world. Simile has now raised...

Highlights

In this episode, Joon Sung Park, founder and CEO of Simile, discusses his company's mission to build foundation models of human behavior, the strategic importance of unique data acquisition, and the potential for AI simulations to transform decision-making across industries. He shares insights from Simile's rapid growth, including a recent $300 million raise, and explores the future of prediction markets, the cost of AI queries, and the principles guiding his team.
08:11
Reflection lets agents synthesize experiences into higher-level insights.
10:00
Behavioral data is more valuable than web data.
15:08
Simulation can address complex societal issues beyond surveys.
21:46
Charge for feedback.
30:01
AI simulations predict study outcomes in minutes.
35:04
Worry drives preparation and success.
50:27
AI simulations will become the GPU of intelligence.

Chapters

We Will Pay $100M for a Single Query on Some Models
00:00
Why Stock Markets May Not Exist in 5 Years Time
10:00
The Best Companies All Have Unique Data Acquisition Strategies
15:00
The Best AI Companies Have Clear and Fast Reward Functions
19:00
How We Sign Fortune 500 Companies for $10M Contracts in Weeks
24:00
Does Similie Kill Kalshi and Polymarket? Prediction vs Changing the Future
32:00
Inside Similie's $300M Raise; What Every Founder Needs to Know
42:00

Transcript

Joon Sung Park: My fundamental thesis here is for AI companies of this generation, you need to have an interesting data strategy that's going to be defensible. I think there's a world in which in about two, three years, we're running a single simulation se...