David Weisburd

They're looking for something fundamentally different in terms of milestones.

You're on the bleeding edge of agentic AI as an investor.

How much do you build a thesis around different parts of the market and how much do you let your founders draw you into what they see as the future?

A lot of people have trouble conceptualizing an agentic AI future.

How does that work?

Let's say I'm a business owner.

Do I just go in, grab my coffee, press play and then leave and come back at the end of the day?

And I subscribe to this agentic AI feature.

I think it's more or less obvious if you think from first principles.

What's not clear to me is a second order of facts.

So if I'm an investor, I'm running an endowment.

How should I think about investing into other asset classes, assuming that an AI agentic future is imminent?

How do you think about AI-enabled businesses versus AI-first businesses in the non-venture space?

And by some accounts, emerging managers and VC,

extinction level event happening where if anywhere from 50 to 75, some predict up to 90% of emerging managers are on their last fund and just won't be able to raise any more funds.

How are you surviving this extension level event and how are you preparing yourself for the next era of VC?

And you made that distinction.

A lot of funds don't know the difference between running a fund and running a firm.

How are you building your firm and what lessons have you learned from building a firm?

You have some enviable LPs, especially earlier on in your firm building.