David Hornik, Founding Partner at Lobby Capital, discusses his firm’s AI investment thesis. This is an excellent discussion spanning Agentic AI and Ultralight startups.
>>>Sramana Mitra: If you get companies at that inception stage – MVP with not really any revenue, just discussions with the market, but good precise discussion with the market, what size checks are you willing to write?
>>>Sramana Mitra: So, what else are you looking at or investing in that are interesting case studies that we should discuss here that will trigger ideas and insights for the audience?
>>>Sramana Mitra: So, when you look at these companies that you have invested in and are looking at your deal flow, could you summarize a bit of what you would like to see?
>>>Anupam Rastogi, Managing Partner at Emergent Ventures, discusses his firm’s AI investment thesis.
Welcome to the program, and let’s talk about what you are up to with Emergent Ventures and AI. We started with this watershed moment of generative AI coming into the picture in 2023 and now almost two years hence, AI has moved at a breakneck pace.
So, my first question is, where is your head vis-a-vis AI? How are you parsing all the happenings of the world? How are you framing your investment thesis and so on?
>>>During this week’s roundtable, we had extensive discussions about the realities of pre-seed funding. If you’re in the market for such investment, please review.
Tesser Payments
As for the entrepreneur pitches, up first we had Geetha Panchapakesan from Mountain View, California pitch Tesser Payments, a concept-stage FinTech venture.
Water Current Power
Then we had Michael O’Malley from New Bedford, Massachusetts pitch a hydro-energy idea.
You can listen to the recording of this roundtable here:
Sramana Mitra: What else are you looking at, thinking about, interested in investing in in terms of AI companies? What are you looking for?
Raju Reddy: For me, Sramana, pretty much all my investments have been at a very early seed stage.
>>>Sramana Mitra: The other really interesting area that I find very promising is that there are a lot of services companies out there and there’s so much AI technology right now to make services efficient. You almost can productize your services.
If you have a hundred clients that you’re providing services to, you should be able to use AI to dramatically get margin out of those businesses, which is another interesting development for bootstrapped entrepreneurship, in particular. As you know, we support bootstrapped entrepreneurship very, very seriously.
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