Microsoft just lost $650 billion in market value after investors questioned whether the company is actually delivering on its AI promise. But what does Microsoft’s story have to do with startups?

In this episode of the Two Founders Podcast, Anna and Matteo discuss:

• Why Microsoft’s AI narrative may have gotten ahead of reality

• What the market expects from Microsoft, Copilot, Azure and OpenAI

• Why startups need to deliver on the promises they make

• Who the world’s top angel investors are and what they have in common • Why many successful angel investors were operators and founders themselves

• Whether you should start selling your startup before your product is finished • Why talking to customers early can be more valuable than building the “perfect” MVP

• How to structure pilots and pay ...