Episode
20VC: The Best AI Companies Have Unique Data Acquisition Strategies | Will Simile Kill Kalshi, Polymarkets and NASDAQ | How to Sign Fortune 500 Companies As Customers in Weeks with Joon Sung Park, Simile
- Published
- Aug 1, 2026
- Duration seconds
- 3821
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Summary
Joon Sung Park is the Founder and CEO of Simile, the AI simulation company building foundation models of human behaviour; allowing companies to test how real people may think, decide and act before making a decision in the real world. Simile has now raised $300 million in total, including a $200 million Series B announced last week at a $2 billion valuation, led by Greenoaks and Index Ventures. AGENDA: 00:00 We Will Pay $100M for a Single Query on Some Models 10:00 Why Stock Markets May Not Exist in 5 Years Time 15:00 The Best Companies All Have Unique Data Acquisition Strategies 19:00 The Best AI Companies Have Clear and Fast Reward Functions 24:00 How We Sign Fortune 500 Companies for $10M Contracts in Weeks 32:00 Does Similie Kill Kalshi and Polymarket? Prediction vs Changing the Future 42:00 Inside Similie's $300M Raise; What Every Founder Needs to Know