Juan Orbea

Daniela, Founder and CEO of Defined.ai, talks about the road she and her teammates have traveled in order to build the leading online marketplace where it's possible to buy, sell or commission off-the-shelf or custom-ordered AI data, tools and models, and offers professional services to help deliver success in complex machine learning projects.

But I thought a better way of thinking about how we manage our portfolios is to think about it as a funnel. If we do 36–40 deals in a Seed Fund, somewhere between 25–40% would likely see big up-rounds within the first 12–24 months. This translates to about 12–15 investments.

Overall, it is worth remembering that throughout history it has been ideas that have driven great global change as much as material forces, individuals, or happenstance.

3) Pushing against regulatory conservatism in general, by increasing the chance that there's some jurisdiction that will let you do any particular thing. Allowing people to opt into network states that accept higher levels of risk could be a successful strategy for pushing against this.

Our model instincts are just not attuned to that at all, they are not sensitive to the sheer scale of what an individual is able to achieve if he or she is trying to make a really positive difference in the world.

Anybody who has studied the VC industry knows that it works by “power law” returns in which a few key deals return the majority of a fund.

Investing

Simple Agreement for Future Equity (SAFE)

A SAFE gives investors the rights to purchase stock in a future equity round, often with a specific cap and/or discount. No specific price per share is determined at the time of the initial investment.

They’re a simple and fast way to get early investments into a company. The SAFE was originally

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