Sramana Mitra: You know, I read something interesting as you’re talking about this idea of glasses and the augmentation of your experience.
>>>Sramana Mitra: So tell me more about what you’re seeing in terms of AI in your world. Even if it’s earlier-stage investments, what kind of things have you invested in, and what trends are you noticing?
>>>Sramana Mitra: I have a different question, but we’ll go on to your next case study in just a moment because what you’re describing is so interesting. I did one of the first online fashion companies—real fashion, regular fashion—back in 1999.
The question that’s swirling in my mind is: you have so many users and so much activity. It must be segmented though, right? Is it the fashionistas who are on there, or is it more the geeks who like t-shirts and fashion?
>>>Sramana Mitra: So, you’ve already laid out your investment thesis. Just a couple of quick things. How big is Fund Two right now?
Felix Hartman: It’s a $50 million fund. We’ve already closed the first $10 million and have seven companies in the cohort. The goal is to back 40 companies at the pre-seed to seed stage.
>>>Felix Hartmann, Managing Partner at Hartmann Capital, discusses his firm’s investment thesis. This segment triggered an excellent discussion on Human Augmentation.
>>>Warren Packard: Since you’re pointing out that by Series C and Series D, there’s a declining ownership. Of course, there is always a declining ownership in the company, but maybe, perhaps too little remaining for a founder.
One of the great things I see about AI is the ability for a founding team to build and get to get further faster with less.
>>>David Evans, Managing Partner at Sentiero Ventures, discusses his firm’s AI investment thesis.
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Sramana Mitra: Let me point out a couple of things that I’m hearing here that are going to be really interesting for our audience. Number one is, AI is calling to question pricing in enterprise software right now in a big way, right?
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