Sramana Mitra: Just know, I have a slightly different question on capitalization of these companies. So you talk about these two kids from MIT who are commercializing their PhD thesis, I guess. You have this CalTech professor who’s commercializing his work in the domain of drug discovery using AI. Talk to me a little bit
Sramana Mitra: Other than H2O.ai, have you invested in any other open source AI companies since? Jishnu Bhattacharjee: We have invested in over twenty AI companies. Sramana Mitra: Talk about some of them. How are you thinking about what to invest in? Do some case studies.
Sramana Mitra: I think it depends on what timescale we are talking about because inside the enterprise, whatever application that you bring in, whether it’s non AI or AI, now everything is kind of in the AI domain. There are three things to consider – domain-specific understanding of what’s happening in that enterprise which includes domain-specific
Sramana Mitra: Since the hype cycle has been so rapid, enterprise and business buyers have made AI a priority now, which was not the case, right? When you started doing H2O, it was not that case. It was much more niche, much more selective, and much more difficult to get the buyer attention, and that
Sramana Mitra: Let me synthesize this point for our audience. In startups that are going the open source route, including non-AI startups, what is great is that developers with insights put something out there in the open source realm and start getting usage. Then, by the time they go out for investment, often there’s a
Jishnu Bhattacharjee, Managing Partner at Nexus Venture Partners, has been investing in AI startups for over a decade. This is an excellent and insightful discussion about his AI investment thesis.
Jishnu Bhattacharjee, Managing Partner at Nexus Venture Partners, has been investing in AI startups for over a decade. This is an excellent and insightful discussion about his AI investment thesis.
Naren and I met in 2010. My Vision India 2020 book had just come out. We were invited to be on a panel together at Stanford. The Indian startup story was just starting to find some traction in Silicon Valley. The Indian startup story, by the way, is different from the Indian entrepreneur story. Indian