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A founder who bet on 350 startups says passing on a hot AI company taught him a hard lesson

  • Angel investor Immad Akhund passed on investing in Scale AI, now worth $14 billion, because he underestimated the founders' potential due to their young age.
  • This experience made Akhund reconsider his bias against young founders and taught him to value the unique perspective and determination that youth can bring to entrepreneurship.
  • Akhund, who has backed over 350 startups, emphasized the importance of leaving ego aside while investing and supporting founders' visions rather than imposing his own ideas.
  • He also highlighted the significance of making diversified investments and preferring serial founders with a resilient attitude for long-term success in the startup ecosystem.

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