Who We Are:
AI is the new electricity: Just as electricity transformed numerous industries starting 100 years ago, AI is now poised to do the same. AI Fund is an early-stage venture firm founded by Dr. Andrew Ng in 2017. Our portfolio companies utilize AI technology and applications to improve processes and efficiency. The AI Fund team combines their experiences as AI pioneers, entrepreneurs, venture capitalists, investors, and operators. We are backed by a $176 million-dollar fund from top-tier VC firms. Together, let’s build great companies that will move humanity forward.
Why Partner With AI Fund:
We’ve been there. We’ve founded and scaled successful companies ourselves, and we know that creating meaningful startups is really hard. Many entrepreneurs toil with ideas for years. Many spend time building something without the foresight of limiting factors that could have been easily dismissed upfront. Accomplished execs often teeter between a desire to start a company and creating something great versus taking a job that is less fulfilling. If only someone could help with taking the risk out of turning an idea into reality and accelerate the company building process, more people would be inspired to start a company.Coming up with great ideas, sussing them out, assembling great teams, and helping raise capital is what we do. We shorten a process that can take years down to months. We make sure you are going after the right market, are fully validated, and are surrounded by great teammates. Lastly, we make sure you see the world through the lens of a data scientist and machine learning expert, which is the perspective any meaningful company in the future must have. But we also know that the process is not about us. It’s about great Founders and empowering them to do great things.
What We Seek:
We are looking for passionate entrepreneurs with first-hand knowledge of the problem they have encountered or entrepreneurs that might match to a problem or idea we already have. It’s not a mandate, but ideally, we want people with experience solving business problems and have a keen eye for anticipating business risks. You may have been a product manager running a product or product line before. You may have been an engineer who has been on the front lines of helping shape a company. You may have been a management consultant who has experience in a particular vertical. Or perhaps you are a proven entrepreneur who recognizes that the difference between success and failure is razor-thin, and you want every advantage you can get.Lastly, we want people who are leaders. We desire people who can hire great people, get others excited about their vision, raise capital, and make it all happen.
About This Project:
We are on a mission to bring fairness and equity to the college accesibility process. As application volumes surge annually, admissions departments face the dilemma of either inflating budgets for more staff or spending less time per application. Admissions offices need tools that are able to make evaluations more efficient, while maintaining the nuance and uniqueness of each applicant.
We are aiming to leverage AI to evaluate each part of the application and assist admissions officers in making informed, fair decisions. We want to help eliminate biases, streamline the evaluation process, and ensure a holistic review of each application.
We go beyond test scores and GPAs to analyze essays, recommendation letters, and extracurricular activities. Each factor is carefully weighed to generate a multifaceted profile of the applicant, thus ensuring the recognition of diverse talents and backgrounds.
By eliminating manual labor and reducing subjectivity in the application review process, our solution enables admissions offices to devote more resources to student engagement and strategic planning. We’re driven by the belief that everyone deserves an equal shot at higher education. We’re redefining the admissions process, making it more equitable, efficient, and intelligent.
What You Will be Doing:
- Work with the AI Fund Leadership Team to launch and scale a new businesses from the ground up.
- Conduct further research to validate the problem and suggested solution, iterating when necessary on the product direction.
- Cultivate and develop partnerships with higher education institutions to explore solutions
- Build a prototype of ML-enabled application screening product
- Set the vision and the strategy of the portfolio company once the idea has been tested and determined product market fit.
- Build a VC-fundable pitch deck at the end of the 3 months consulting period.
What You Must Bring:
- Previous management experience.
- Strategic thinking.
- Previous startup or other small/scrappy team experience.
Nice to Haves:
- Experience building and selling B2C ed tech products
Characteristics:
- Accountability: an obligation or willingness to accept responsibility or to account for one’s actions while doing so with the highest regard for integrity.
- Leadership: able to influence others to follow you and lead the team to a brighter future.
- Grit. able to stick with projects and work hard through good and bad times. High pain tolerance and can perform well under stress or pressure.
- Scrappy: Takes initiative and proactively gets things done with low resources, but doing creative things, begging, borrowing, and whatever is needed in an ambiguous environment or situation.
- Ownership orientation: Demonstrated orientation of extreme ownership over all aspects of the company and extremely results-driven in nature.
