Blue Sky Could Venture Capital Invest in World Peace? Guest Brian Abrams Has Set Out to Do Just That
We all know that huge sums of money are invested in creating new, more effective weapons of war. Brian Abrams sees an opportunity to invest instead in what he calls "peace tech," emerging businesses using technologies and creative methods designed to prevent war from happening in the first place. He's created a new firm, B Ventures, and in this Blue Sky episode he describes with infectious optimism his exciting vision for the future.
Chapters:
00:00 Introduction to Brian Abrams Bill Burke introduces Brian Abrams, founder of B Ventures Group, an investment fund focused on global peacebuilding and conflict resolution through "peace tech." Brian's extensive background in managing over $1 billion in assets and his human-centric investment philosophy are highlighted.
02:09 From Founder to Venture Capitalist Brian shares his career journey, starting as an entrepreneur in India where he experienced failure, which led him to realize his strength in spotting opportunities rather than operationalizing them. He then transitioned to venture capital in Israel, building a fund from $2 million to over $1.2 billion, emphasizing the role of luck and a pivotal moment in fostering peace initiatives.
08:28 The Genesis of Peace Tech Brian reflects on his past experiences, including a startup's condition to include Palestinian teammates during an acquisition, which planted the seed for his current work. He explains his philosophy of using money to serve people and approaching problems from a bottom-up perspective, leading him to focus on peace tech as an alternative to military tech.
10:17 The Rationale for Peace Tech Drawing inspiration from Thich Nhat Hanh's philosophy of 'interbeing,' Brian articulates why war is illogical and a form of collective self-harm. He emphasizes the enormous economic cost of violent conflict, totaling $19 trillion annually, and how venture capital's bottom-up, experimental approach can offer innovative solutions for peacebuilding.
15:28 AI in Crisis Simulation Brian describes an investment in a startup founded by a Harvard researcher who developed an AI-powered crisis simulation platform. This technology aims to anticipate and prevent future conflicts, like potential World War III over Taiwan, by running thousands of scenarios daily, far exceeding traditional war games.
21:32 Business Model for Peace Tech Brian explains the twofold business model for peace tech startups: selling to friendly governments and to companies for competitive landscape analysis. He emphasizes that a for-profit model ensures scalability and continuous funding, unlike grants, allowing for exponential growth and a virtuous cycle to prevent major conflicts.
29:23 Peace Tech: Agile and Ethical Brian highlights the agility of venture-backed peace tech companies compared to traditional government or academic initiatives, citing an example of a startup rapidly forming after the dismantling of the US Institute of Peace. He defines peace tech as anything that preempts, mitigates, or resolves violent conflict, adhering to a 'first do no harm' principle.
34:26 Peace Tech Investments and Ecosystem Brian discusses additional investments, including a company creating digital twins of societies to understand and model civil conflicts like those between Armenia and Azerbaijan. He describes the growing Peace Tech ecosystem, drawing parallels to the private space industry's exponential growth, and aims to build a global community of founders and investors.
41:12 Conclusion and Call to Action Bill Burke reflects on how technology's ability to show the grim reality of war might increase the fervent desire for peace. Brian encourages listeners to connect via LinkedIn and join the Peace Tech community, expressing his strong optimism for the future impact of this movement.