TheOnePoint Quant VC, AI, and Data in the Venture Business
Dec 5, 2024
In a thought-provoking discussion, Guy Conway, co-founder of Koble, shares insights on how AI is revolutionizing venture capital. He emphasizes that while many VCs use AI for startup discovery, its real power lies in automating investment decisions, fostering data-driven insights. Guy discusses the evolution of VC roles in response to AI advancements and how Koble is innovating with algorithmic strategies to enhance early-stage funding. Their mission aims to transform the funding landscape, making it more efficient and impactful.
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AI Use Mostly in Startup Discovery
- Most VCs use AI primarily for startup discovery as it is the easiest step to automate.
- Automating investment selection is more complex but has greater potential to remove reliance on intuition and bias.
AI Shapes New VC Ecosystem
- AI-driven quant VCs will likely come from outside traditional VC circles with data scientists and mathematicians.
- High brand VCs remain strong but mediocre firms may struggle as automation challenges existing models.
Junior VC Roles Will Transform
- If discovery and due diligence automate, junior VC roles focused there may decline.
- Junior roles may shift toward supporting senior partners who focus on relationships and advising founders.