How Fal.ai Went From Inference Optimization to Hosting Image and Video Models
Fal.ai, once focused on machine learning infrastructure, has evolved into a major player in generative media. In this episode of The New Stack Agents, hosts speak with Fal.ai CEO Burkay Gur and investor Glenn Solomon of Notable Capital. Originally aiming to optimize Python runtimes, Fal.ai shifted direction as generative AI exploded, driven by tools like DALL·E and ChatGPT. Today, Fal.ai hosts hundreds of models—from image to audio and video—and emphasizes fast, optimized inference to meet growing demand.
Speed became Fal.ai’s competitive edge, especially as newer generative models require GPU power not just for training but also for inference. Solomon noted that while optimization alone isn't a sustainable business model, Fal’s value lies in speed and developer experience. Fal.ai offers both an easy-to-use web interface and developer-focused APIs, appealing to both technical and non-technical users.
Gur also addressed generative AI’s impact on creatives, arguing that while the cost of creation has plummeted, the cost of creativity remains—and may even increase as content becomes easier to produce.
Learn more from The New Stack about AI’s impact on creatives:
AI Will Steal Developer Jobs (But Not How You Think)
How AI Agents Will Change the Web for Users and Developers
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Notable Capital's Hans Tung on the state of VC and the upside to down rounds
This week, Mary Ann talked to Hans Tung, managing partner of Notable Capital (formerly GGV Capital), which is focused on investing in the US as well as in Europe and Latin America.
Long-time listeners may recall that Hans, whose portfolio includes the likes of Airbnb, StockX and Slack, joined Equity last year to focus on down rounds, a term often treated like an evil phrase. Today, we're digging into why Hans still believes in down rounds, the importance of long-term thinking and the current state of startup investment.
We'll also dive into:
Why Hans is so bullish on fintech, and what sectors within fintech especially has him psyched.
Recent changes at his own firm, and why there have been so many personnel changes at VC firms as of late
And more!
All right, sit back, hit play and have some fun with us. Equity will be back on Monday. See you then!
Equity is TechCrunch’s flagship podcast and posts every Monday, Wednesday and Friday. You can subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
You also can follow Equity on X and Threads, at @EquityPod.
For the full interview transcript, for those who prefer reading over listening, read on, or check out our full archive of episodes over at Simplecast.
Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
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Be relevant, or get downturned
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
This is our Wednesday show, where we niche down to a single person, think about their work and unpack the rest. This week, Mary Ann interviewed Hans Tung, prolific investor and managing partner of GGV, a venture firm with more than $9 billion in assets under management.
The pair had a great conversation on:
How Hans is advising portfolio companies to weather this downturn
What he’s looking for in new investments
How startups can stay relevant no matter the economic environment
What he’d be if he weren’t a VC (hint: Mark Cuban follows a similar playbook)
His new initiative around embedded fintech
With two decades of experience in investing in companies such as Affirm and Airbnb, Hans has been through more than one cycle and his calm, steady approach to handling challenging macro environments comes through.
We're excited to share this conversation with you, but please note: there were technical issues and the audio quality is not up to our usual standard. Thanks for your understanding, and we hope you enjoy the conversation anyway.
As always, the full crew will be back on Friday, but keep up with Equity in the meantime @EquityPod on Twitter!
Equity drops at 10:00 a.m. PT every Monday and at 7:00 a.m. PT on Wednesdays and Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more!
Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
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20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Hans Tung is a Managing Partner at GGV Capital, one of the leading venture firms of the last 2 decades with a portfolio including Alibaba, Xiaomi, Peloton, Airbnb, Slack, and many more. As for Hans, he has been named to the Forbes Midas list nine consecutive years from 2013-2021, most recently ranking #3. His portfolio includes 18 unicorns including Affirm, Airbnb, Coinbase, Divvy Homes, Peloton, Poshmark, Slack, Wish and Xiaomi. In 2005, he was among the first Silicon Valley VCs to move to China full time, spending eight years investing in the fastest-changing tech landscape in the world before returning to Silicon Valley in 2013 to join GGV Capital.
In Today's Episode with Hans Tung You Will Learn:
1.) How Hans made his way into the world of venture from founding his first two companies? How did seeing the booms and busts of the macro-financial markets impact both his investing mindset and the companies he likes to back?
2.) The Landscape: How does Hans analyze the current venture landscape today? How does one compete in a world of Tiger and crossover funds writing term sheets post first meeting? How does Hans think about his own price sensitivity today? How does he determine when to pay up vs when to say no? What have been some of his biggest lessons on price?
3.) Working with the likes of Peloton, Square, Alibaba, what have been some of Hans biggest lessons on market size? What do most investors get wrong when it comes to market sizing? How does Hans think about an attractive enough exit multiple for a growth stage check? What did Peloton teach Hans about insertion points when investing?
4.) How does Hans think about when is the right time to sell? What have been some of his biggest lessons on taking cash off the table? Despite the success, how does Hans ensure he has the mental plasticity to approach every new deal with a fresh perspective? What does he do to ensure he does not have an unconscious bias from his past successes?
Item's Mentioned In Today's Episode with Hans Tung
Hans' Favourite Book: Outliers: The Story of Success
Hans' Most Recent Investment: JOKR
Season 3, Episode 2: The Xiaomi IPO
Acquired kicks off our China tech mini-series by teaming up with the best in the business: Hans and Zara from GGV’s 996 Podcast! Together we cover the largest technology IPO in the world since fellow China tech giant Alibaba in 2014: Xiaomi, where Hans has been an investor and board member from the very beginning. This episode is chock full of history and insight on both Xiaomi and what’s happening in China tech more broadly, and why we all should be paying attention. No matter where you live, this is definitely not one to miss!
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20VC: Lessons From Slack and Opendoor on Price Sensitivity, Why The Best CEOs Are Able To Manage Momentum and Why Being A Board Member is a "Full Contact Sport" with Glenn Solomon, Managing Partner @ GGV Capital
Glenn Solomon is a Managing Partner @ GGV Capital, one of the world's leading venture funds with $3.8Bn under management across 8 funds and a portfolio including the likes of Airbnb, Xiaomi, Alibaba, Slack, Square, the list goes on. As for Glenn, since joining GGV in 2005 Glenn has helped 7 companies go public including Pandora, Zendesk, Square, SuccessFactors and more and has led investments in Airbnb, Slack, Opendoor, DOMO and Hashicorp just to name a few. Prior to GGV, Glenn was a General Partner with Partech and before that spent time with Goldman Sachs. You must also check out Glenn's blog here.
In Today's Episode You Will Learn:
1.) How Glenn made his way from tennis at Stanford to the walls of Goldman Sachs before entering the world of VC with Partech and then GGV?
2.) Having been in VC for over 20 years, how has Glenn fundamentally seen the startup and VC landscape alter? How did advice from John Doerr alter his thinking on platform shifts? Does Glenn agree with Elad Gil that we are all looking for the next vein of innovation to explore? How must VCs respond?
3.) How has Glenn seen the development of himself as an investor over the last 20 years? What has he found to be the commonalities amongst the very best VCs? How does Glenn think about the importance of investor specialisation?
4.) How does Glenn think about price sensitivity? When has Glenn made his biggest mistakes with regards to price? How does Glenn's opinions change with the differing insertion points from Series A to pre-IPO?
5.) What does Glenn believe makes the truly special board members? What does he mean when he says being on a board is a "full contact" sport? What are the foundational pillars that Glenn has learnt make the most productive and successful board meetings? What can both founders and VCs do to drive efficiency from their time in board meetings?
Items Mentioned In Today's Show:
Glenn's Fave Book: Shoe Dog, Born A Crime, Irena's Children
Glenn's Most Recent Investment: Unravel Data
As always you can follow Harry, The Twenty Minute VC and Glenn on Twitter here!
Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.
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20VC: Why This Is Just The Start for Consumer Mobile, 3 Lessons China Taught About How To Invest Better In The US & How To Think About The Opportunity Cost of Capital Deployment with Hans Tung, Managing Partner @ GGV Capital
Hans Tung is a Managing Partner @ GGV Capital, one of the world's leading venture firms partnering with entrepreneurs in the world's largest markets, the US and China. Evident when looking at Han's incredible investments in the likes of Wish, Poshmark, musical.ly, Slack and OfferUp in the US and then Xiaomi, Forgame, and Domob Ads in Asia. Previously, Hans was with Bessemer Venture Partners, where he helped global players such as Skype expand into China. Hans was also a founding member of two pan-Asian internet startups that were subsequently sold to telcos. Due to his incredible success, Hans has been ranked as a top VC on the Forbes Midas list since 2013 and was recognized by The Founder and CBN News magazines in the past as a Top 10 most entrepreneur-friendly VC in China.
In Today's Episode You Will Learn:
1.) How Hans made his way into VC with Bessemer having founded and exited 2 prior startups?
2.) Why does Hans believe that the globalisation of consumer mobile companies is the biggest trend in his career? Why is Hans still so attracted to consumer with lacking distribution channel availability and incumbents like Amazon? Have Amazon already won?
3.) What were Hans' biggest lessons from investing in China that have allowed him to invest better in the US? How does Hans evaluate prior US companies entering strategies into China? How does he analyse Uber's entering into China?
4.) Hans has backed some of the hottest companies in the business from Airbnb to Wish, how does Hans respond to price sensitivity and having to pay up to get into the round? How does Hans think about the opportunity cost of capital deployment?
5.) Why does Hans remain so bullish on the globalisation of tech? In a world of Trump and Brexit are we not in ever more atomistic times? How does Hans see the convergence of millenial consumers when comparing the US and Asia?
Items Mentioned In Today's Show:
Hans' Fave Book: The Information, Stratechery
Hans' Most Recent Investment: iBotta
As always you can follow Harry, The Twenty Minute VC and Hans on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
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