Sandeep Sardana, Founder and General Partner at BluePointe Ventures, discusses his firm’s vertical AI investment thesis.
Jean-Philippe ‘JP’ Persico, Cofounder and Managing Partner at shuckerVC, discusses his firm’s investment thesis.
Sramana Mitra: I actually have a much more interesting question to explore with you. We talked about Perplexity as a wrapper. Give me examples of other interesting wrapper companies. I think these wrapper companies are very easy to bootstrap and very desirable for people to build revenue on top of quickly. So, give me more
Sramana Mitra: Let’s come back to the wrapper question. You started off by saying Perplexity is a wrapper on top of other LLMs. Nick Davidov: Yes. Perplexity is actually very lean. If you compare how much money they raised, they haven’t spent much of it. They still have the majority in the bank. That’s their
Sramana Mitra: You’re not the only ones who invest only in repeat founders. Most of the venture capital industry does the same. It’s very hard for first-time founders to raise money because of that. We help a lot of first-time founders, and it’s a real challenge. Let’s go deeper into your AI investment thesis with
Marina and Nick Davidov are Cofounders and Managing Partners at DVC, a firm that backs only repeat founders doing AI startups. We had a terrific conversation on cutting edge issues within the AI ecosystem.
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.
Sramana Mitra: From what I gathered, you are focusing on Vertical AI? Is that a correct observation? Lisa Chai: We lean heavier towards Vertical AI, but it’s not a mandate. Sramana Mitra: Okay. Let’s double click down on Vertical AI. We’ll come back to what else you’re doing besides Vertical AI.