Just had coffee with a friend who invests at the Series A stage. The current landscape for AI investment is extremely fragmented. Getting a slot with Sequoia (not the American one) is harder than reaching the heavens. Even for large funds, it's not guaranteed they can get into deals from major Silicon Valley tech companies (like founders from Google, Meta, OpenAI). If it's a mid-sized fund, it's basically a wasteland. The targets are just a few, and they're snatched up in a second. The rest either lack scale visibility, or carry the risk of being shell companies that get superseded by iterations.
Just had coffee with a friend who invests at the Series A stage. The current landscape for AI investment is extremely fragmented. Getting a slot with Sequoia (not the American one) is harder than reaching the heavens. Even for large funds, it's not guaranteed they can get into deals from major Silicon Valley tech companies (like founders from Google, Meta, OpenAI). If it's a mid-sized fund, it's basically a wasteland. The targets are just a few, and they're snatched up in a second. The rest either lack scale visibility, or carry the risk of being shell companies that get superseded by iterations.