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Blitzscaling Ventures AI Fund

Invest in early-stage Blitzscaling AI startups.

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Investment Details
Closing Date
Aug 31, 2024
Min. Commitment
USD 300,000
Invext Allocation Size
USD 3,000,000
Carried Interest
10%
Management Fee
1.5% Per annum
Fund Life
10 years
Region
California and globally
Stage
Seed - Series A
Contact Invext Team

Key Highlights

  • The rise of artificial intelligence represents a once-in-a-generation investment opportunity akin to the Industrial Revolution. Just as that era saw machinery augment and replace human muscle power, AI is poised to augment and replace human brain power over the next 36-48 months.
  • Blitzscaling Ventures AI Fund invests in early-stage AI startups that have potential to Blitzscale and capture a winner-take-most market.
  • The management team includes Chris Yeh, Jeremiah Owyang, Jeff Abbott, and Scott Johnson with Reid Hoffman as a special advisor.
  • The Fund size target is $50M, investing in ~25 portfolio seed or series A companies with a first check of $500K - $1M.
  • The Blitzscaling Ventures AI Fund, is the next fund to their first fund, Growth Fund I: $34M, ~50% deployed, vintage 2021
  • Investors will get benefits such as market intelligence, LP Newsletter (& Podcast) from the fund.

Overview

AI Apps
Autonomous Agents
AI Models
Foundational Models
AI Infrastructure
Data

The Blitzscaling Ventures AI Fund invests in early-stage AI startups with the potential to Blitzscale. Investing in companies that are the emerging leader in massive, winner-take-most markets, have top-tier VC backing, and pass the fund’s rigorous deal evaluation process, which includes a quantitative assessment of blitzscalability, and a qualitative evaluation of the market, product and team.

Team

Chris
Yeh

Partner

Scott
Johnson

Partner

Jeff
Abbott

Partner

Jeremiah
Owyang

Partner

Reid
Hoffman

Advisor & Fund Investor

Why We Partner With This Fund

  • Steady Inbound Deal Flow: The brand Blitzscaling built from best-selling books, press coverage, has made the Blitzscaling Ventures AI Fund a notable draw, creating a steady unique inbound deal flow.
  • Significant Market Influence: The management team combined has joined 200+ speaking engagements over the last year both on regional and global stages.
  • Powerful Community: With Jeremiah Owyang as a host at Llama Lounge, and Jeff Abbott as a founder of AiSalon the fund naturally has captured the eyeballs and attention of founders, VCs and created a powerful company.
  • Investment alongside Reid Hoffman: A rigorous review and screening process leverages the Blitzscaling framework designed by the management team and before any investment is made Reid Hoffman, a co-founder and executive chairman of LinkedIn and a seasoned investor, will have a review of the investment.
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Summary of Terms

Fund Name

Invext Blitzscaling Ventures AI Fund, a Series of Invext LLC

Fund Manager

Supachai Parchariyanon

Fund Domicile

Delaware, USA

Region

California and globally

Stage

Seed - Series A

Invext Allocation Size

USD 3,000,000

Fund Life

10 years

Management Fee

1.5% Per annum

Carried Interest

10%

Closing Date

Aug 31, 2024

Min. Commitment

USD 300,000