Cascade #10 - Kevin Jiang: Investing $50M in the Next Wave of AI and Consumer Innovation
Kevin Jiang is one of the co-founders of Mangusta Capital, an early to growth stage venture capital firm investing in consumer technology and vertical AI.
With notable portfolio companies including Elon Musks xAI and Vanessa Hudgens Caliwater.
They have currently deployed around $50 million in proprietary capital and plan to deploy another $150 million over the coming years.
Prior to Mangusta, Kevin started his career in investment banking at Goldman Sachs, then quickly transitioned to private equity at Apollo, did long/short equity at Soros Fund Management, and eventually became VP on the founding Investment Team of SoftBank’s Vision Fund, leading deals like Flexport, Shipbob, and Wiz.
We spoke about
→ the sacrifices his parents made as first-gen American immigrants in the 1980s semiconductor industry
→ his old thesis on tax inversion from Harvard’s archive
→ Softbank’s approach to valuations
→ the future of AI application layer investing
→ and how he’s going about fundraising $150 million dollars.
Learn more about Kevin and his fund below: