Venture Investing in AI

October 2019

Pavel Kireyev
Assistant Professor of Marketing, INSEAD

Nick Slater
Partner, AI Seed

How do venture capitalists evaluate AI startups? As artificial intelligence permeates every aspect of our lives, more and more startups are emerging to address the needs of different industries and build AI tools for a variety of applications. I sat down with Nick Slater from AI Seed, a London-based AI venture capital firm, to investigate which criteria they view as important in deciding whether or not to invest in seed-stage AI startups. We define the scope of what counts as AI or “deep tech”and what doesn’t from a VC’s perspective, discuss the difference between investing in “research-oriented” versus “applications-oriented startups,” and highlight how VCs perform technical due diligence on new and emerging AI technologies.