We are very happy to announce the launch of Version One Ventures III with $45M…
Version One
A few weeks ago I shared my reflections on my first year as a GP. Along with all the well wishes (thank you!!), many asked what Version One is investing in these days. Our portfolio companies aren’t as quick to publicize fundraising rounds like they used to and as such, we’re not making as many […]
We are very happy to announce the launch of Version One Ventures III with $45M…
We’re thrilled to announce the closing of two new funds: Fund IV ($70M USD) and…
A few weeks ago I shared my reflections on my first year as a GP. Along with all the well wishes (thank you!!), many asked what Version One is investing in these days. Our portfolio companies aren’t as quick to publicize fundraising rounds like they used to and as such, we’re not making as many public announcements about our activity.
So, as a follow up, I thought I’d share some high level stats on our investing activity since we kicked off Fund III nearly a year ago in October 2018.
These trends align with a tweet that Boris wrote last week and here are the main takeaways of our investing thesis and strategy…
We are geographically agnostic, though focused on North America with main “hubs” in SF, Toronto, NYC, and Seattle.
We invest in early stage: we now lead pre-seed rounds (typically with a $500k check) in addition to leading or participating in seed rounds (with a check of up to a $1m).
Yes, we still invest in marketplaces as this is one subset of network effects (our investment thesis).
And finally, we are not afraid in investing in hard things (i.e. robotics/hardware, healthcare/bio) or nascent markets (i.e. crypto/blockchain, AR)!
Data / AI / ML
This November marks three years since the launch of ChatGPT. That moment brought AI into the mainstream, with large language models (LLMs) seen as the breakthrough technology powering it. Since then, innovation in AI has been relentless — perhaps one of the fastest cycles we’ve ever witnessed in tech. It’s worth pausing to reflect on […]
It’s hard to believe that it has been three years since my first day at…
“It takes 10 years and $30m to become a great investor.” This quote has stuck…