Sarah Smith has launched a $16 million Fund I for her solo GP firm, Sarah Smith Fund, relying heavily on AI for efficient decision-making and support for founders.
Smith believes that AI can unlock potential for solo GPs in early-stage investing, enabling faster decisions without the need for committee approval.
With Fund I, Smith aims to invest in 50 companies, having already backed 17 startups with an average check size of $250,000, targeting mainly startups in the Stanford ecosystem.
Limited partners for Fund I include Pear VC, Ulu Ventures, and Verdis Investment Management, with a strategic focus on leveraging AI and the Stanford ecosystem for successful investments.