Sramana Mitra: It’s fascinating, isn’t it? It’s a really exciting field. Are you chasing unicorns? Ankit Jain: Given that we’re investing $1 million to $10 million, we’re looking at a lot of companies that we hope will show their true market potential. We hope some of them get to that stage. We strongly believe many
Sramana Mitra: In the case of Algorithmia, what kinds of use cases are they? It sounds like it’s a horizontal platform that could be applied to all sorts of use cases. You said it’s a Fortune 500 target market. What kinds of use cases are they going after? Ankit Jain: The simplest way to describe
Sramana Mitra: How are the companies in the Valley that you’re investing in? Are they using offshore development centers where there is AI talent available? Ankit Jain: Even in the last year, it has changed a lot. There is a lot of interesting AI development being done out of Ukraine. Both Pakistan and India have
Sramana Mitra: I was talking to a friend at a party last weekend. He’s very experienced and successful serial entrepreneur. He has invested in an AI company that is doing very well. But this question of hiring AI talent is very serious right now. Let me ask you the geography question. What is your footprint?
Sramana Mitra: Double-click down for me on your definition of early stage. You said check size is from $1 million to $10 million. What is your definition of early stage? What does an AI startup need to show to be able to convince you that is has enough validation that there is something there? Ankit
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Ankit Jain was recorded in May 2018. Ankit Jain is Founding Partner at Gradient Ventures, Google’s AI venture fund. Sramana Mitra: Let’s introduce you to our audience. Tell us about yourself a