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

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 28:00 - Decade Of Data 33:30 - Parterning with Former Palantir Executive 35:45 - Tomasz's Childhood 37:40 - What Is Tomasz Looking Forward To The Most This Year #podcast #investing #technology #venturecapital #entrepreneur #startup #siliconvalley