The CEO Cody Coleman was literally born in jail. The founders became best friends at MIT, and came from extremely humble beginnings. Take my most recent investment in Coactive AI. I'm not sure either is easier, just risk-adjusted. But in the series A world, if you find a founder and team that's exceptional, and they have an insight, you make an investment based on projections. Obviously from a risk-reward standpoint, you're investing at a much higher price in late-stage investments, which means they're somewhat priced to perfection and things need to work out the way you see them. In early-stage investments, you just won't have the numbers necessarily to tell that story. You typically have data and historical financials, and those influence us investing in the company. I always tell my team in growth-stage investing, the numbers will always tell the story, and the story can never tell the numbers. ✒️You’ve done both early- and late-stage investing. This week, we have Bessemer Venture Partners’ Elliott Robinson, who started off in early-stage investing before moving to late-stage. Introducing Sixfold, the first generative artificial intelligence built to solve the hardest problems in the insurance industry How do you apply #genai to one of the most traditional, nuanced, and security-focused industries like insurance? You start a company with a group of industry vets (let’s go Jane & Brian!), get backing from the best of the best (thank you Bessemer Venture Partners & Crystal Venture Partners), partner with ambitious customers looking to eliminate grunt work and unlock new ways of selling insurance. “Watershed,” “groundbreaking,” “seismic” are insufficient at describing the society-changing technology revolution Sixfold is a part of. In November, when ChatGPT was unleashed on the masses, you either realized that the world had changed, or you missed the announcement. What an exciting moment to unveil Sixfold! With the world's first generative artificial intelligence trained to solve the hardest problems in the insurance industry, we’re changing how insurance carriers underwrite risks, lowering their expenses, and dramatically expanding their sales. A special thanks to Star Sawyer and Angela Lee for partnering with 4A on this and other initiatives. Smith who is funding scholarships for black students and HBCU alum, we are making real progress towards our collective goals. With the help of friends and prominent alum like Robert F. We have lot to celebrate, but a long way to go. 2023 marks the 100th year since the first black student matriculated through CBS and 50 years since the founding of the Black Business Student Association. The Columbia Business School African American Alumni Association is excited to deepen our partnership with CBS and directly with the Dean and his office as we welcome the most diverse (URM) class to enter CBS in its history. Join us and our esteemed hosts Bakari Adams '07 & jen randle '06 as we discuss Venture Capital, Startups, broader Tech and the important role that Equity, Diversity, and Inclusion play in its future. Im honored to be interviewed by Costis Maglaras, Dean of Columbia Business School on Monday, January 9 as we engage in an intimate 1-on-1 fireside chat, 6pm in San Francisco at the De Young Fine Arts Museum.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |