This past week, I announced that I've hired a CEO for Talla, and joined PJC as a General Partner. I wrote about my reasons behind it here, but will clarify a little bit in this newsletter. First of all, I've made 74 investments over the past 5 years, so I felt ready to go somewhere to write bigger checks and be more focused. I've mentored a few CEOs and sat on a few Boards and it has been a ton of fun. Running a company is exhausting (as many of you know), and it felt like I was at a point in my career where I could play a supporting role (lead investor) better than a lead role (CEO). (Although, I'm learning venture has it's own forms of exhaustion too.)
Secondly, I think AI in particular as at a unique point that will only exist at this scale once. It has upended some ways of thinking about technology, and it has created opportunities that many people, including many investors and entrepreneurs, don't understand. There are still sooooo many people using old mental models to evaluate AI, and some of those mental models are no longer valid. I think I understand a few things, and have a few insights, that not a lot of people have right now, and those insights are more valuable as an investor, where I can act on many of them, instead of as an entrepreneur, where I can act on one.
Third, I have really interesting AI deal flow, much of it from those of you who read this newsletter (Thank You!!). I want to capitalize on that because I don't think it will last forever.
So what does this mean for InsideAI? It means I will probably write even more than before. For the past few years, writing this has been fun, but hard to fit into my schedule. Now my job is to evaluate AI business models, and helping build and grow the AI investments we make at PJC, which means even more time thinking and writing about all of this. Expect even better commentary down the road.
At PJC, I'm doing pre-seed through Series A, so, if you have an AI company and want to raise early stage, please reach out. And if you are an LP or money manager looking for AI exposure, let me know and I'm happy to tell you about our funds.
At the moment, I'm particularly interested in AI hardware, synthetic data, non-neural network forms of AI, and practical applications of robotics. Please connect on LinkedIn, or email me at email@example.com.
Thanks for reading, and stay tuned for my 2020 AI theses post coming up later this month.