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Full-Time

Founder-in-Residence/CEO

Healthtech-Eldercare space

Confirmed live in the last 24 hours

AI Fund

AI Fund

11-50 employees

Venture studio for AI-based startups

Venture Capital
AI & Machine Learning

Senior, Expert

Remote in USA

Category
Strategy Development
Business Development
Business & Strategy
Requirements
  • Previous 0 to 1 experience
  • Executive-level entrepreneurial experience
  • Strategic thinking
  • Experience building and scaling consumer-focused products
  • Experience overseeing the care of a loved one
  • Ready to build, test, and iterate on products quickly in-market
Responsibilities
  • The FIR will work with the AI Fund Leadership Team to launch and scale new businesses from the ground up.
  • Work alongside our staff 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.
  • Design 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. AI Fund focuses on early-stage startups, offering strategic guidance and investment to help them grow. Unlike traditional venture capital firms, AI Fund takes equity stakes in the companies it helps, allowing it to benefit from their success as they expand. The goal of AI Fund is to promote innovation in AI applications and make a positive impact on society.

Company Stage

N/A

Total Funding

$352.2M

Headquarters

Palo Alto, California

Founded

2017

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Simplify's Take

What believers are saying

  • AI Fund's collaboration with industry leaders like AES and Columbus Consulting International opens up significant opportunities for innovation and market impact.
  • The fund's involvement in high-profile projects and companies, such as Amazon and Podcastle, enhances its reputation and potential for high returns.
  • AI Fund's focus on AI-driven solutions in diverse sectors, from energy to retail, provides a broad range of opportunities for growth and diversification.

What critics are saying

  • The rapid pace of AI development requires continuous adaptation and innovation, posing a challenge for maintaining a competitive edge.
  • Dependence on the success of AI-driven startups means that failures could significantly impact the fund's overall performance.

What makes AI Fund unique

  • AI Fund, led by AI luminary Andrew Ng, leverages his extensive expertise and network to rapidly build and scale AI-driven companies, setting it apart from traditional venture capital firms.
  • The fund's strategic partnerships, such as with AES for AI-driven energy solutions, highlight its focus on impactful, industry-specific AI applications.
  • AI Fund's venture studio model provides deep technical expertise, market validation, and comprehensive business support, offering a more hands-on approach compared to typical investment firms.

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