The Upstarts Podcast

The ChatGPT craze was still years away when Chilean-born Cris Valenzuela co-founded Runway to tinker on visual AI models with two classmates at an NYU lab in 2018. Back then, investors weren't sold — not just on video AI, but on generative AI altogether. "There's always doubt when you get 50 rejections," Valenzuela says. "I've realized that building something special, you have to be able and willing to be non-consensus driven." Fast forward, and Runway works not just with many film studios and Hollywood, but creative teams and engineers at corporations like Allstate, Siemens and Robinhood. It's had no recent trouble fundraising, reaching a $5.3 billion valuation. And it's outlasted gen AI's heavyweight, OpenAI, which recently shuttered its Sora app. On The Upstarts Podcast, Valenzuela talks about his journey building an AI lab for artists in New York, and what the big labs missed; why Runway helps expert and amateur filmmakers alike; and why he believes creators should look past controversy around AI to embrace technology. Plus, he shares his Upstart Moment: collecting those rejection emails from top VCs and sharing them with the whole company to motivate his team. Chapters 00:00 Introduction 02:32 Why world models matter 03:57 What OpenAI got wrong 06:32 Runway’s NYU origins 13:10 Like going to the gym 16:06 A fan at ‘The Late Show’ 20:36 Cris’s Upstart Moment: VC doubts 25:30 Building at the speed of AI 30:28 Darren Aronofsky and amateur users 33:12 A new normal in filmmaking 39:05 Up next: Characters, robots and games For more, visit https://www.upstartsmedia.com/ Season 1 of the Upstarts Podcast is presented by Mercury Produced & edited by Eric Johnson from LightningPod