Ann Miura-ko

“If you took all of the IPOs that happened between 1980 and 2012 — there's about 3,000 of them — the number that was most striking to me was how many of these have more than $4 billion in revenues. Well, turns out it's only 17 companies.”

— From Ann Miura-Ko on FLOODGATE's Thunder Lizard Theory and Achieving Product Market Fit | Blitzscaling 04, Greylock (February 24, 2025)

“Every great startup has one fundamental assumption that has less than a 50% chance of being correct, but if true will give you a 20x–100x advantage in the market.”

— From Ann Miura-Ko on FLOODGATE's Thunder Lizard Theory and Achieving Product Market Fit | Blitzscaling 04, Greylock (February 24, 2025)

“As seed-stage investors we invest $500,000 to maybe a few million dollars at the ideation stage of a company, and we've seen the full journey of companies—from very start through massive pivots to where they end up; one company I worked with that's relevant for this audience is Lyft, which I invested in when there was...”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“We have a theory around inflections: an inflection is an event that creates the potential for radical change in how people think, feel and act—these can be technical, regulatory, or societal, and once every generation you see a superpowered inflection we call a sea change.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“With the advent of ChatGPT there is so much social awareness about this trend—you get to one million users in five days, you get to 100 million users in three months—and almost overnight consumers, companies, executives and even boards were asking how this was going to change their businesses.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“One of the hardest pieces to appreciate is that these model capabilities do not appear in a predictable pattern; they're emergent, and for example product leaders at OpenAI told me it's hard to plan three to six months in advance because you can't predict the jumps you'll see.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“The magic of this technology is that language is actually the API to us—this is how we communicate with one another and how we want to communicate with compute—so instead of machines being designed to make humans adapt to them, machines will adapt to us.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“The physical environment of autonomous vehicles is going to become not just a driver's experience but a world of hospitality—it's a space that's on wheels, and companies need to think about how to transform their businesses for that setting.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“With more pervasive machines and sensors everywhere, implied privacy is going to become increasingly important; we're excited about leveraging techniques like differential privacy so that data remains with the user.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“The cycle from R&D into actual products will start to shift—R&D itself will be supercharged with generative AI, and that relationship with product development will create tension if product timelines are slow while R&D is fast.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“As seed-stage investors we invest $500,000 to maybe a few million dollars at the ideation stage of a company, and one of the things we look for is a theory around inflections — an external wave the founder has to ride in order for them to have breakthrough success.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“An inflection, as my partner Mike Maples wrote, is an event that creates the potential for radical change in how people think, feel, and act — these can be technical, regulatory or societal, and once every generation you get a superpowered 'sea change'.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“The next wave we see is 'mass cognition' — models seem to possess a broad understanding of various domains and are able to handle a wide range of tasks, which was almost impossible just a few years ago.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“With the advent of ChatGPT there is so much social awareness about this trend — you can get to one million users in five days and a hundred million users in three months, and companies, executives and boards were all asking how this will change their business.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)

“One of the hardest pieces to appreciate is that these model capabilities do not appear in a predictable pattern — they're emergent and unpredictable, and for some product teams it's hard to plan three to six months in advance; I was at OpenAI last week and heard this firsthand.”

— From The inflection point: A seed investor’s perspective on AI | Ann Miura-Ko, Applied Intuition (September 18, 2024)