Full-Time

Founder-in-Residence

Freightgenius

Posted on 8/19/2024

AI Fund

AI Fund

11-50 employees

Venture studio creating AI-based startups

Venture Capital
AI & Machine Learning

Senior, Expert

Remote in USA

Category
Strategy Development
Business Development
Business & Strategy
Required Skills
Sales
Requirements
  • Prior startup founder, or experience working at an early stage tech company
  • Integral part of building technology companies from 0 to 1
  • Domain expertise in freight forwarding operations
  • Strategic thinking
  • Self-starter who will thrive in an ambiguous startup environment
  • Competitive, entrepreneurial mindset
  • Demonstrated experience building products and leading teams
  • Demonstrated track record of success
  • BA/BS degree or equivalent practical experience
  • Ability to recruit great team members
  • Demonstrated ability to fundraise
  • B2B SaaS Experience
  • A commercially-minded, engaging leader who excels in challenging sales conversations, makes quick, decisive, and data-informed decisions to generate results, and is a proactive doer
  • Experience selling to antiquated industries w/ long-standing processes and entrenched behaviors; supply chain being ideal
Responsibilities
  • The FIR will work with the AI Fund and Dynamo to launch and scale new businesses from the ground up.
  • Work alongside our Venture Studio team to iteratively research and validate on a problem to solve that can benefit from AI/ML. This includes idea validation, product validation, market validation, and funding validation.
  • Develop a product and prototype it.
  • Set the vision and the strategy of the portfolio company once the idea has been tested and determined product market fit.
  • If all makes sense, we capitalize the company to help you stand the company up, bring in the best talent, build the product, and get pilot customers.

AI Fund creates and launches companies that use artificial intelligence to address complex challenges in various fields such as manufacturing, mental health, maritime shipping, and education. The company collaborates with innovators and technology leaders, acting as a minor co-founder by providing essential support and resources to help entrepreneurs turn their ideas into reality efficiently. Unlike traditional venture capital firms, AI Fund focuses on early-stage startups, offering strategic guidance and investment to help them grow. The company earns revenue by taking equity stakes in the businesses it helps develop, allowing it to benefit from their success as they expand. The main goal of AI Fund is to promote innovation and drive advancements in AI applications, ultimately aiming to create a positive impact on society.

Company Stage

N/A

Total Funding

$365M

Headquarters

Palo Alto, California

Founded

2017

Simplify Jobs

Simplify's Take

What believers are saying

  • AI Fund's investment in Jivi AI taps into the growing AI healthcare market.
  • Partnership with AES positions AI Fund to lead in AI-driven energy solutions.
  • Andrew Ng's Amazon board role enhances AI Fund's strategic influence in tech.

What critics are saying

  • Emerging AI startups like Jivi AI increase competition for AI Fund's portfolio.
  • Saudi Arabia's $40 billion AI fund may drive up startup valuations.
  • Volatile energy market poses risks to AI Fund's partnership with AES.

What makes AI Fund unique

  • AI Fund acts as a minor co-founder, providing extensive support to startups.
  • The firm focuses on AI-based companies across diverse industries like healthcare and energy.
  • AI Fund partners with innovators to rapidly build and scale AI-driven businesses.

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Benefits

Health Insurance

Wellness Program

Professional Development Budget

Paid Vacation

401(k) Company Match

Remote Work Options

INACTIVE