Alex Benik, Partner / Founder at Encoded Ventures, discusses the fund’s investment thesis. Great discussion on how we each view the disruptions AI is causing on multiple fronts.
VCs investing today have to think about the next 5-7 year window and what changes are likely to come.
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In case you missed it, you can listen to the recording of this roundtable here:


During this week’s roundtable, we had Alex Benik, Partner / Founder at Encoded Ventures, discussing the fund’s investment thesis. Great discussion on how we each view the disruptions AI is causing on multiple fronts.
VCs investing today have to think about the next 5-7 year window and what changes are likely to come.
You can listen to the recording of this roundtable here:

Sramana Mitra: “Operating system” isn’t the right term. Here’s my two cents—during the cloud era, platform-as-a-service (PaaS) became a well-understood concept.
>>>Sramana Mitra: My thesis is that the best approach to build truly serious, complex systems leveraging all the capabilities of AI—whether it’s generative AI, agent-based AI, or others—is to go to market as an IP-plus-services company. Pick domains to focus on and develop deep domain expertise. That, I believe, is one of the most effective ways to build very, very valuable companies. Is that what you’re trying to do?
>>>
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Sramana Mitra: So you positioned the company in 2022-2023 in the direction of Generative AI?
Marty Sprizen: Exactly.
Sramana Mitra: What applications did you go after?
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Osprey Security Founder Rohit Anabheri had effectively used the Bootstrapping Using Services technique to bootstrap an AI-Powered Enterprise Security venture to mid eight figure revenues when we spoke in 2023. In that process, he had turned down offers for venture capital.
Sramana Mitra: Let’s start by introducing our audience to yourself and then we’ll come to the Osprey Security journey in a moment. You are a serial entrepreneur, yes?
Rohit Anabheri: That is correct.