Square Peg partner Dan Krasnostein doesn’t mince words about the impact of artificial intelligence on venture capital.
“VC will almost definitely not look the same in five years’ time,” he tells Capital Brief. “We’re witnessing disruption at a pace and scale unlike anything we’ve seen before, and it would be naive to assume our industry will remain untouched.”
Square Peg is putting its money where its mouth is. The firm has established an internal team to drive its AI agenda and recently hired Ali Almasi, a data engineer, to transform how it derives insights from data. By combining AI-powered sourcing agents with in-house machine learning models, Square Peg has increased its capacity to review investment opportunities by six times, the firm said.
Just as AI is changing how software companies build and market their products — as we reported, Linktree has hired a new head of AI search optimisation in what's sure to become a common job title — it is reshaping how VCs think about funding.
