super{set} Fund II: Intensifying Our Serial Focus on Data+AI Company Building
Mar 28, 2024
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Announcing super{set} Fund II to invest in data+AI startups at inception. Jeremy Klein shares insights on fund raising and company building strategies. Discussion on evolving data+AI industry, market opportunities, and strategic approaches. Highlight on collaboration, autonomy, and equity for co-founders. Exploring challenges in B2B software company building and success stories at SuperSet.
Building trust and autonomy with co-founders is essential for success in data+AI startups.
Engagement with users and industry experts is crucial for idea validation and product shaping in data+AI startups.
Deep dives
Importance of Collaborative Approach with Co-Founders
Ensuring a collaborative dynamic with co-founders is crucial for success. Building trust, offering autonomy, and providing guidance are key elements. Establishing a foundation of collaboration enables effective problem-solving, open communication, and shared responsibilities.
Market Validation and External Input Drive Innovation
Emphasizing the importance of external validation and diverse perspectives in idea validation. Actively engaging with potential users, attending conferences, and fostering dialogue with industry experts to shape products and strategies.
Highlighting the benefits of in-person collaboration over remote work. Face-to-face interactions facilitate creativity, quick decision-making, and effective problem-solving. Combining the strengths of diverse team members leads to enhanced productivity and cohesive teamwork.
Proof Points of Success: Acquisition and Community Building
Celebrating the acquisition of Habu as a testament to SuperSet's model success. The acquisition showcases the alignment of SuperSet's startups with market needs. Sustaining a positive and collaborative community at events like SuperSummit reinforces the value of a supportive and engaging work environment.
The world has tilted in our favor. We’ve been building companies in the data+AI space for 25 years, mostly while it was niche and nerdy. With the AI revolution fully upon us, we’re thrilled to announce that super{set} has closed a $90 million second fund to invest in companies at inception.
Since launching our first fund, super{set} has founded, funded and scaled 16 data+AI startups. Fund II brings our committed capital in active funds to $176M and comes on the heels of super{set}’s first exit: the acquisition of leading data collaboration company Habu for $200 million in January 2024.
super{set} General Partner Jeremy Klein joins Tom and Vivek for this special episode digging into Jeremy's background and early work at the inception of super{set}, the immense data+AI opportunity today, why super{set} has raised Fund II, and how super{set} will partner with co-founders in Fund II. Don't miss this big news!
Learn more about our VECTOR program - a 12-week fully-paid launchpad for technical product leaders to receive direction, build magnitude, and co-explore company creation alongside super{set} - at superset.com/vector
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