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Mamoon Hamid and Ilya Fushman of Kleiner Perkins: “More than 80%” of pitches now involve AI
Last week, at a StrictlyVC event in San Francisco, we sat down with Mamoon Hamid and Ilya Fushman, two longtime VCs whose paths first crossed as children
Last week, at a StrictlyVC event in San Francisco, we sat down with Mamoon Hamid and Ilya Fushman, two longtime VCs whose paths first crossed as children in Frankfurt, Germany, and who were brought in to reboot the storied venture firm Kleiner Perkins roughly six years ago. Our contrarian approach when we were here four years ago was to go back to basics and focus on early stage [startups] primarily, where we said, ‘Hey, we’re just gonna have a venture fund and a very small team.’ We’ve always thought this is much more a boutique business than some of these larger players. It’s a bit of in some ways an orthogonal bet to sort of the oligopoly [centered on OpenAI, Microsoft and Google] who provide infrastructure, but it’s a company with incredible customers, really strong growth, and a phenomenal nominal team, and the numbers speak for themselves.Again, we’re building vertical experiences — in healthcare, legal, software, engineering, science — and there will be fine tuning and [proprietary] modeling that may be required for some of these use cases, and that opportunity is actually quite exciting because of that.
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