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Matt Cheng

Founder & Managing Partner at Cherubic Ventures

Matt Cheng is a solo founder and General Partner at Cherubic Ventures, a pre-seed and seed stage fund focusing on investing in pre-product market fit startups worldwide. With a track record of successful unicorn investments such as Flexport, Hims, Calm, Paidy, 91APP, Bellabeat, Tezign, and Astranis, Matt is known for his strategic vision and investment acumen. Prior to Cherubic Ventures, he co-founded two unicorn IPOs in Hong Kong and Taiwan, as well as facilitated a $500M+ M&A deal in the U.S. Matt's diverse background includes being the no.1 junior tennis player in both singles and doubles, along with representing Taiwan in the junior Davis Cup team.

Highlights

May 14 · linkedin

(English Below) AIエージェントとは何でしょうか?これまでのAIツールとどのように違うのでしょうか?

ChatGPTのようなこれまでのAIツールは直感的に思考し、提示された状況に反応するものでしたが、幻覚を起こしがちなため、現実世界への応用は限られていました。これとは対照的に、AIエージェントは論理的に思考し、人間の介入なしに、問題解決に必要な手順を自律的に実行できます。

AIエージェントは、分析し、計画を策定して実行する能力を備えているため、人間が行う日常業務を、より実用的に支援できます。また、生成AIツールと比較して潜在的な影響力が大きく、さまざまな領域にわたって作業効率の向上に大きな役割を果たすことができます。

最近、テクノロジー業界では顧客サービスのSierraやソフトウェアエンジニアリングのDevinなど、いくつかのAIエージェントが導入されています。AIエージェントはまだ初期段階にありますが、AI分野の主要な焦点となることは間違いありません。

もう1つ注目すべき点は、AIエージェントが進化するにつれて、スタートアップ企業の性質が変化する可能性があることです。AIを活用することで、スタートアップはわずかな人員、あるいは創業者だけでユニコーンレベルの製品を開発し、「一人ユニコーン」になることができるかもしれません!

詳細については、私の記事をお読みください。 https://lnkd.in/ggnf4pfV

What are AI agents and how do they differ from previous AI tools?

While previous generative AI tools like ChatGPT were intuitive thinkers, reacting to situations at hand, they were prone to hallucinations and had limited real-world applications. In contrast, AI agents are logical thinkers capable of autonomously carrying out the steps needed to solve problems, without any human intervention.

With their analytical, planning, and execution capabilities, AI agents can more practically assist humans in completing everyday tasks. Compared to generative AI tools, they have a greater potential impact and can play a bigger role in enhancing work efficiency across various domains.

Recently, the tech world has introduced several AI agents, such as Sierra in customer service and Devin in software engineering. Although AI agents are still in their early stages, they are undoubtedly set to become a major focus in the AI field.

Another noteworthy aspect is that as AI agents evolve, the nature of startups could transform. By leveraging AI, startups may require only a handful of people, or even just the founder, to create unicorn-level products and become "one-person unicorns"!

For more perspectives, feel free to read my article: https://lnkd.in/gFVgixAn

Aug 18 · linkedin

𝐏𝐚𝐲𝐏𝐚𝐥'𝐬 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐂𝐨𝐮𝐥𝐝 𝐏𝐚𝐯𝐞 𝐭𝐡𝐞 𝐖𝐚𝐲 𝐟𝐨𝐫 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐬𝐬 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧

Recently, global payments giant PayPal launched its US dollar-backed stablecoin, PYUSD. This move stands out as the first time a major mainstream financial institution outside the Web3 space has issued a stablecoin.

With a massive user base of 430 million, a proactive compliance approach, and considerable influence over regulatory bodies, PayPal is poised to make significant waves in the blockchain and fintech sectors.

The potential implications of PayPal's stablecoin are vast:

1/ Mass Adoption Catalyst: Despite setbacks from last year's black swan events, stablecoins are transforming cross-border transactions by removing constraints like time, high costs, and cumbersome procedures. As of early August, stablecoins total approximately $125 billion globally, with one million active crypto wallets transacting daily. PayPal's entry could amplify these numbers, signaling a transformative shift for both individuals and large corporations.

2/ Enhanced User Experience and Accessibility: Criticisms of blockchain technology and crypto wallets include the challenge of securely storing mnemonic phrases, high technical barriers, and fluctuating gas fees. PayPal's stablecoin, issued on Ethereum and leveraging PayPal's payment experience combined with Ethereum's "Account Abstraction" concept, promises to address these issues, offering a more seamless user experience.

3/ Micro Payments Revolution: Easier and more cost-effective global payments through blockchain pave the way for microtransactions, such as paying $0.001 per song streaming or earning $0.01 per ad click. This could redefine digital rights, licensing, streaming services, and digital advertising, creating new business opportunities.

Although initially available only to US users, limiting its global reach, PayPal's stablecoin is already sparking discussions about the trade-offs between centralization and decentralization. Despite these limitations, this step could be transformative.

The changing landscape of payment methods could trigger a massive shift in the global financial sector, setting off a ripple effect of innovation and impact in other industries. Furthermore, the introduction of PayPal's stablecoin could indirectly boost Bitcoin's position as an alternative asset and drive the adoption of Ethereum-based applications. With the potential for mass blockchain adoption on the horizon, and as the market recovers, numerous tech and startup companies are poised to regain momentum, further propelling technological advancements. This trend merits close attention.

Matt Cheng
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Location

Taiwan