Jake Yormak discusses why hardware is attractive for investments, the most interesting areas in AI beyond GenAI, and the modern data stack. He focuses on early-stage companies, challenges and opportunities in hardware investments, and the impact of AI on workflows and profit pools, especially in computer vision and proprietary data. The conversation also covers the evolution of founders, the future of AI in computer vision, and the importance of computer vision in autonomous driving.

In this engaging discussion, Jake Yormak, Partner at Story Ventures, shares insights on maintaining consistency in venture capital investing, emphasizing the importance of a scout program and board of advisors. David Rabbe, CEO of Tovala, reveals the secrets behind their successful meal kit business, highlighting recent achievements like profitability and a key partnership with Costco. Both guests delve into the essential questions allocators should ask investors, providing valuable tips for navigating the ever-changing investment landscape.

Alan Patricof, a seasoned investor, Ilya Strebulaev, a venture capital expert, and Jake Yormak, a knowledgeable investor, share invaluable insights from their careers. They discuss strategic risk management and how smaller investments can lead to better long-term outcomes. The conversation also debunks misconceptions about venture capitalists, highlighting the true dynamics of investment success and failure. Additionally, they touch on balancing quality and profitability in business growth, emphasizing effective leadership and the importance of investing in capable founders.