Growth

Investing in Quora and Poe

David George Posted January 9, 2024

Since the release of ChatGPT, development of and interest in generative AI have exploded. Each week brings more model releases and additional tools, and Silicon Valley insiders, early adopters, and tech power users have flocked to Discord servers, registered for betas, and actively sought out ways to get their hands on the latest in AI.

But to date, the average consumer’s exposure to AI has typically been limited to playing around with ChatGPT or new generative AI features within existing applications and tools. The same thing that excites those of us in tech—the proliferation of models, GPU efficiency gains, open source, and finetuning smaller, specialized models—is just plain daunting for the average consumer. We believe there won’t be one model to rule them all, and we will need many models across various modes and use cases. But currently, there are just too many models across too many different user interfaces to drive AI-native tool adoption. For AI to cross the chasm and reach the 5B+ global internet users, it needs to be more intuitive and more accessible.

That’s why we’re so excited to share that we’ve invested in Quora, the creator of Poe. Where other AI companies are focused on building the best model, Poe has a two-fold mission: 1) be the best way for consumers to interact with a variety of AI products in the same workflow and 2) be the easiest way for a developer to build a multi-modal AI product and reach a mass audience, whether prompting an existing model to create a bot or training a model themselves.

To accomplish this, Poe has already created a compelling aggregation layer for both text and image AI models, including ChatGPT, GPT-4 and DALL-E 3 from OpenAI, Claude Instant and Claude 2 from Anthropic, Mistral, StableDiffusionXL, Gemini and PaLM from Google, Llama 2 from Meta, and many others. Poe then provides a user interface to make it easy to discover new AI tools and for users to create a custom set of their favorite tools from across various models. Why use one platform with one model when you can have a platform for all of them for $20 per month?

Perhaps even more compelling, similar to what Roblox did for gaming, Poe is building tools for creators to modify existing models in order to unleash the creativity in the long tail of people who want to build AI, but don’t have the resources themselves to build models. Roblox created the game engine, providing distribution, trust and safety, infrastructure, and the opportunity for creators to earn a living. The result was a powerful network effect—the more the creators built, the more users came to play with those creations. The more users come, the more creators it attracts.

Poe’s creator tools are in the early stages of development but offer benefits similar to Roblox, including multi-platform infrastructure, discovery, and the ability for bot creators to generate revenue. Already, Poe shows signs of increasing returns to scale. Currently, Poe is one of the top 5 largest generative AI-related properties, and creators have built 1M+ bots on Poe the platform. With this latest round of funding, Quora plans to further help AI creators and developers monetize their creations.

Adam D’Angelo, founder of Quora and Poe, is one of a rarefied group of founders who have successfully built a consumer internet company with hundreds of millions of monthly active users. Adam has been early to the AI wave, just as he was with software and user-generated content, and every time we talk I come away impressed with his deep technical knowledge of AI as well as an understanding of what is missing in the market. One of our early bonding moments was over the concept of increasing returns to scale—a theory that underpins Poe’s competitive advantage.

Poe has the added advantage of being able to tap the Quora community of 400M+ users looking for knowledge and expertise. Poe is the logical evolution for these people to find and interact with information, giving Poe distinctive advantages where AI and human expertise intersect and providing a unique distribution channel. Adam and his team are already moving fast, having launched apps for iOS, Android and Windows, supporting multiple languages, threading, PDF summaries, multimodal, and creator monetization, among many other features.

With plenty more great things to come, I am thrilled that a16z Growth led Poe’s latest round of funding and I joined their board as they bring generative AI to the masses. For anyone interested in creating a bot and participating in the ecosystem, you can learn more at developer.poe.com. And for anyone who hasn’t yet tried Poe as a user, you can get started at poe.com!

Want More a16z Growth?

Deep dives into what makes companies truly great— from the investors and operators at a16z Growth.

Learn More
More on AI
General

What Builders Talk About When They Talk About AI

Sarah Wang and a16z editorial
Growth

Investing in Character.AI

Sarah Wang
Enterprise

Investing in Pinecone

Peter Levine, Satish Talluri, and Matt Bornstein
Enterprise

Investing in ElevenLabs

Jennifer Li, Bryan Kim, and Justine Moore

Want More Growth?

Deep dives into what makes companies truly great— from the investors and operators at a16z Growth.

Sign Up On Substack

Views expressed in “posts” (including podcasts, videos, and social media) are those of the individual a16z personnel quoted therein and are not the views of a16z Capital Management, L.L.C. (“a16z”) or its respective affiliates. a16z Capital Management is an investment adviser registered with the Securities and Exchange Commission. Registration as an investment adviser does not imply any special skill or training. The posts are not directed to any investors or potential investors, and do not constitute an offer to sell — or a solicitation of an offer to buy — any securities, and may not be used or relied upon in evaluating the merits of any investment.

The contents in here — and available on any associated distribution platforms and any public a16z online social media accounts, platforms, and sites (collectively, “content distribution outlets”) — should not be construed as or relied upon in any manner as investment, legal, tax, or other advice. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Any charts provided here or on a16z content distribution outlets are for informational purposes only, and should not be relied upon when making any investment decision. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, posts may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein. All content speaks only as of the date indicated.

Under no circumstances should any posts or other information provided on this website — or on associated content distribution outlets — be construed as an offer soliciting the purchase or sale of any security or interest in any pooled investment vehicle sponsored, discussed, or mentioned by a16z personnel. Nor should it be construed as an offer to provide investment advisory services; an offer to invest in an a16z-managed pooled investment vehicle will be made separately and only by means of the confidential offering documents of the specific pooled investment vehicles — which should be read in their entirety, and only to those who, among other requirements, meet certain qualifications under federal securities laws. Such investors, defined as accredited investors and qualified purchasers, are generally deemed capable of evaluating the merits and risks of prospective investments and financial matters.

There can be no assurances that a16z’s investment objectives will be achieved or investment strategies will be successful. Any investment in a vehicle managed by a16z involves a high degree of risk including the risk that the entire amount invested is lost. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by a16z is available here: https://a16z.com/investments/. Past results of a16z’s investments, pooled investment vehicles, or investment strategies are not necessarily indicative of future results. Excluded from this list are investments (and certain publicly traded cryptocurrencies/ digital assets) for which the issuer has not provided permission for a16z to disclose publicly. As for its investments in any cryptocurrency or token project, a16z is acting in its own financial interest, not necessarily in the interests of other token holders. a16z has no special role in any of these projects or power over their management. a16z does not undertake to continue to have any involvement in these projects other than as an investor and token holder, and other token holders should not expect that it will or rely on it to have any particular involvement.

With respect to funds managed by a16z that are registered in Japan, a16z will provide to any member of the Japanese public a copy of such documents as are required to be made publicly available pursuant to Article 63 of the Financial Instruments and Exchange Act of Japan. Please contact compliance@a16z.com to request such documents.

For other site terms of use, please go here. Additional important information about a16z, including our Form ADV Part 2A Brochure, is available at the SEC’s website: http://www.adviserinfo.sec.gov.