Moore: Billion-dollar checks in frontier AI could return up to $20B
Bucky Moore · Why Bucky Moore Joined $30 Billion AUM Megafund Lightspeed · Sourcery with Molly O'Shea · May 5, 2025 · at 14:38
Lightspeed Partner Bucky Moore lays out the underwriting thesis for megafund growth checks in frontier AI platforms targeting trillion-dollar market caps.
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“Is these are opportunities where you can invest 500 to a billion dollars in one of these companies, and if your underwriting plays out, potentially turn that into, you know, three, five, 10, maybe even twenty billion dollars if these companies turn out to be multi-trillion dollar companies.”
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“This can become untenable very quickly for these smaller funds, where, you know, investing at 50, 60, 70 caps is, you know, pretty hard to imagine how you make a lot of money as an, ah, you know, a thirty million dollar fund, for example.”
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