Investing in seed and early stage software companies
Durham, NC
Joined November 2008
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1% of companies represent 90% of AI spending.
Of that 90%, 80% of this spend are from unprofitable VC backed companies.
So, roughly, $0.70-75 of every dollar of AI spending right now comes from AI companies spending VC investment dollars.
As a result, the revenue quality in AI is currently poor. This happened in previous cycles as well, like cloud when early users of AWS were mostly venture backed startups.
The thing, though, is that before AWS could scale and pull thru GCP and others as legitimate cash machines, there were a few clearing events to sort out these brittle revenues.
This is the extrapolation of Ken’s point. We will need to transition from speculative AI spending to consistent, reliable spend that shows up in public market earnings reports.
This hasn’t happened yet because most of the breathtaking revenue growth comes from LPs investing in VC funds who then send it to startups.
Can't wait! The @bcvp team will be there.
Heading to #VA2026?🔥
Whether you're attending, investing, or pitching live on stage, we've put together an official guide to help you make the most of this year's conference!
Check it out to see what to pack, how to prepare, & where to focus your time: ventureatlanta.org/venture-a…
See you at Founders First next month in Durham?
bcvp.com/founders-first
Jason Caplain, early stage VC investor retweeted
The Bruins arrive dressed as Patriots (marching music included)
🚀 Thrilled to share the news of our $2M pre-seed round in Tiga AI — an AI agent platform transforming how sales teams prospect. Excited to partner with @ArmorySquareVC @CascadeFund @VirginiaVenture. demandgenreport.com/industry…
Join me tomorrow morning (free virtual panel) - Investing in AI: Hype vs. Reality. Register here: bit.ly/4jZ5YhN
Packed lunch and panels are standing room only! Well done!
🚨 #MACC2024 is TODAY! 🚨
Join us at the Philly Marriott Downtown for a full day of networking, keynotes, & pitch presentations. Walk-in registration available—don’t miss out!
📅 8:30 AM – 6:30 PM
📍 Philadelphia Marriott Downtown
#Entrepreneurship #Investors #PhillyTech
🚀 Congratulations to @mdjonesy on his new role as CEO of Durham based @CandleScience. We have been fortunate to work with him 2x. They are lucky to have you MJ!
Opening panel @VentureAtlanta - Day 2! Advice from @clu007 former CMO @Atlassian
1/ Marketing is a megaphone, not magic wand 2/ Bad strategy will show up in marketing. 3/ You need different resources at different times 4/ The founder is the first marketing person #va2024
- ABR (always be raising). it’s your job! you need relationships built over a long period of time. investors are investing in you.
- Hire people different than you.
@msuster @LeuraCraig @victoriatr
Tactical advice to founders from panel at #va2024
- Control your burn
- Don’t hire CMOs CROs until you have repeatable model
- Choose North Star metric. if that number isn’t moving, you are failing.
- Don’t over raise
@msuster @LeuraCraig @victoriatr
⚡️This is the way to kick off a conference! Awesome opening panel at @VentureAtlanta - @msuster @victoriatr @LeuraCraig - high energy! ⚡️#VA2024
In Washington DC & surrounding area this week and would love to connect with software founders as we seek new investment opps. If you or someone you know is working on something exciting, pls reach out. Looking fwd to connecting with more of the DMV’s vibrant startup community!
Jason Caplain, early stage VC investor retweeted
An excerpt from the daily market recap video and the important trading lesson from the presidential debate.
NASDAQ LEADS STOCKS HIGHER After Volatile CPI Day! youtu.be/c9OXg6a9Iig?si=95Qh…