Sheel Mohnot, co-founder and general partner of Better Tomorrow Ventures, has built a significant presence on social media platform X, with over 150,000 followers. In a recent interview, Mohnot discussed his approach to social media, fintech investing, and his thoughts on artificial intelligence (AI) in the fintech world.

Mohnot's social media strategy is centered around sharing ideas and getting feedback from his followers. He started actively posting on Twitter during the pandemic, initially using the platform to share his thoughts on web3 founders and their solutions to non-existent problems. One of his viral posts, which garnered 250,000 likes, featured his wife in a meme at the Folsom Street Fair. Another popular post mocked web3 founders, which resonated with many in the fintech community.

Better Tomorrow Ventures, which has $300 million under management, focuses on investing in fintech startups at the pre-seed and seed stages. Mohnot believes that the fintech market is hot again, and his firm is poised to see more exits in the near future. He is particularly excited about vertical SaaS and B2B marketplaces, which he considers fintech companies. Mohnot also sees opportunity in accounting, citing a shortage of accountants in the country.

Mohnot's social media presence has helped him attract founders and win deals. He recalled an instance where a founder responded immediately to his email, citing a viral tweet about Chamath Palihapitiya's workout regimen. This personal connection helped establish a rapport with the founder, ultimately leading to a successful deal.

Regarding the recent hype around AI, Mohnot believes that the cost of inference and modeling costs will come down. He sees DeepSeek, an open-source AI model from China, as a significant development that will drive down costs and create a price war at the foundational model level. This, in turn, will benefit companies building on AI.

However, Mohnot is skeptical about the hype surrounding AI in general. He thinks that many companies exaggerate their AI capabilities to get attention, and that only a few companies are truly AI companies. Mohnot emphasizes the importance of honesty about a company's true nature and capabilities.

With his unique blend of fintech expertise and social media savvy, Sheel Mohnot is an influential voice in the fintech community. His insights on fintech trends, AI's impact, and the importance of honesty in startup marketing provide valuable lessons for entrepreneurs and investors alike.