Sramana Mitra: This is interesting. I’ve tracked a company that pioneered selling diamonds online—Blue Nile. You must be familiar with them. The entrepreneur came from the diamond industry; his family had roots there. He had a key insight: in the U.S., diamonds are primarily purchased by men for engagement rings.
Vinit Bhansali, Founder and General Partner at Takshil Venture Partners, discusses how his firm is investing in India.
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.
Ray Wu, Managing Partner at Alumni Ventures AI Fund, discusses the fund’s investment thesis.
Sramana Mitra: To your point about accessibility, you talked about the developed world that lacks people who can do certain things, and enabling them to do those things with AI or robots. That is one angle.
David Evans: Most of the literature and research that I’ve read says we need to start fresh and clean. That’s part of the reason why companies like Thinking Machines have raised so much money. We can’t just take what we already have and build on top of it. If that were the case, you’d just
Sramana Mitra: What are you looking for? If you were to project out what excites you, what kind of trends are you monitoring that you would like to see deal flow around?
Sramana Mitra: Tell me about your AI investment thesis. David Evans: I’m going to build on something you said in terms of how do you get sticky, how do you know what to invest in? Generally speaking, we’re looking for companies that meet two criteria. One is unilateral where AI is core to the value