Managing Partner at Compound Michael Dempsey explains why venture firms have to keep rebuilding their edge. “Now any person in the world can take an academic paper, put it in ChatGPT and say, ‘Explain this to me like I’m 16.’ That edge is largely gone.”

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@mhdempsey The edge moved from access to judgment

@mhdempsey موفدي شفتو بعيني كيعيق علية بسراول اتدكر ليراك ادارسة هو رزقنا يتمتعون فيه يهود ولاتلك الجويف

@mhdempsey That edge wasn't synthesis. It was access to founders and conviction to write checks when papers were still raw. Information asymmetry in venture was never about reading speed. 📄⏱️