Episode January 24, 2025 38 min 38s

$688 Million AUM in 2 Years Investing in Data, AI, Web3 & Blockchain | Tomasz Tunguz

From Sourcery Sourcery with Molly O'Shea

Tomasz Tunguz is a prominent venture capitalist and the founder & GP of Theory Ventures, a $688M AUM fund. Theory focuses on investing $1-25m in early-stage companies that leverage technology discontinuities into go-to-market advantages. Before Theory, he was a managing director at Redpoint Ventures, where he led investments into companies such as Looker, Expensify, Monte Carlo, Dune Analytics, and Kustomer. Throughout his career, Tunguz has been recognized for his data-driven approach to investing and his very popular, personal blog, TomTunguz.com.

Tomasz recently raised $450 million in November of 2024 for Theory Ventures' second fund, which marks a significant milestone for the firm. This follows his initial breakout fund, launched in 2023, with $238 million.

This is a very fun conversation where we go deep into everything AI, LLM business models, predictions, and more.

Molly on X: https://x.com/MollySOShea

Tomasz on X: https://x.com/ttunguz

Follow Sourcery for the latest updates!

https://www.sourcery.vc/

TIMESTAMPS:

0:00 - Welcome Tomasz To Sourcery

1:00 - State of AI Adoption

6:45 - Hyperscaler Power Dymnmic

9:50 - AI Inference

15:00 - Monetizing

20:00 - Raising $600B