Glenn Borok discusses emerging AI search startups competing in the recruiting and professional intelligence space.
Disclosure
Borok: Alumni Ventures seed strategy prioritizes cap table access over valuation
“As a fund, I think our hypothesis is that you want to be in the best in class companies in any capacity. So, you know, we're obviously a tip of spear approach on the seed fund. So we're trying to Start to build that relationship over time and we want to get on…”
Assertion Not checkable as stated
Borok: Many tech workers who moved to Austin and Miami returned to the Bay Area
“I think a lot of folks who went to Miami, who went to Austin, at least this is anecdotally my experience, have moved back to the Bay, and it seems like, yeah, this new wave of excitement around Yeah, kind of this platform shift is, is kind of bringing people b…”
Disclosure
Borok: Alumni Ventures Seed Fund writes $50K–$300K co-investment checks
“And so they brought me on board to help build out their seed fund strategy, which is geo agnostic sector agnostic, but stage specific. So we're writing, you know, generally anywhere from 50 to 300 K checks into early stage companies and co-investing, not leadi…”
Assertion Partly supported
Borok: Alumni Ventures has an LP network of over 15,000 people
“Our large network of over 15,000 folks that, that are involved from an LP perspective.”
Disclosure
Borok: Invest Ventures raised $2M microfund backed by former LinkedIn CEO
“About a year and a half ago, I founded Invest Ventures, which is a small micro fund. We raised about two million dollars for folks like Jeff Wiener, who's a former CEO, as well as executives from Cricket Health, Figma, Confluence, Superhuman a whole host of re…”
Disclosure
Borok: Alumni Ventures operates all funds on annual 12-month deployment cycles
“All of our funds are annual. So they're raising and deploying within the following 12 months.”