This seems right to me (Hugh Howry).
This is rad.
“In our pilot, we evaluated nearly 3,000 companies and committed to funding several dozen of those, across 12 countries and many sectors, without a single traditional venture pitch. In fact, in most cases the data-driven approach allowed us to reach conviction around an investment opportunity before we ever even spoke to the founders. Worth noting that when we recently looked at CEO demographics, we found that 42% were female and the majority nonwhite.”
Twitter thread –
Such an obvious opportunity in hindsight. ie clothing is a somewhat unique sector. Great AI anecdote though. Thought provoking.
Details on VC rounds (thread) –