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  <title>514. AI's Effect on the Demand Curve, Investing in Durable Barriers, Large Cap vs. Small Cap Seed Deals, and Building an Internal AI Machine (Mark Peter Davis)</title>
  <description> Mark Peter Davis of Interplay joins Nick to discuss AI's Effect on the Demand Curve, Investing in Durable Barriers, Large Cap vs. Small Cap Seed Deals, and Building an Internal AI Machine. In this episode we cover:   AI's Role in Interplay's Operations  Investment Strategy and Early Signals  Impact of AI on Software and Venture Capital  Job Displacement and New Opportunities  Barriers and Durability in Software Companies  Challenges for Traditional Growth Companies  AI Native Services and Market Segmentation   Guest Links:   Mark Peter Davis's LinkedIn  Mark Peter Davis's X  Interplay's LinkedIn  Interplay's Website   The host of The Full Ratchet is&amp;amp;nbsp;Nick Moran&amp;amp;nbsp;of&amp;amp;nbsp;New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.  We’re proud to partner with&amp;amp;nbsp;Ramp, the modern finance automation platform.&amp;amp;nbsp;Book a demo&amp;amp;nbsp;and get&amp;amp;nbsp;$150—no strings attached.&amp;amp;nbsp;&amp;amp;nbsp;   Want to keep up to date with The Full Ratchet?&amp;amp;nbsp;Follow us on social. You can learn more about New Stack Ventures by visiting our&amp;amp;nbsp;LinkedIn&amp;amp;nbsp;and&amp;amp;nbsp;Twitter </description>
  <author_name>The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified</author_name>
  <author_url>http://fullratchet.net</author_url>
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