E60: How Lightspeed Invests in AI and Beyond with Arif Janmohamed

This week on Turpentine VC, Erik Torenberg is joined by Arif Janmohamed, partner at Lightspeed Ventures to dive into the world of AI investment. They explore Lightspeed's evolution from a strong focus on enterprise early-stage investing to becoming a global multi-stage firm with a $7 billion capital reach. Arif shares insights on identifying market opportunities, their frameworks for investing in AI, and the future of cybersecurity. —🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/—SPONSORS:💳 Imagine total control over your company's spending with Rippling Spend, the all-in-one platform for expense reports, corporate cards, and bill pay. Control spend, set custom approval chains, and close your books 3x faster. Visit https://www.rippling.com/turpentine for a free demo and one month free trial.📑Discover Carta, the innovative end-to-end accounting platform revolutionizing private fund management with streamlined operations and on-demand insights. Experience the new standard at carta.com/investors.💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist.—LINKS:Lightspeed: https://lsvp.com/—TIMESTAMPS:(00:00) Intro(01:06) History and Evolution of Lightspeed Ventures(03:16) Lightspeed's global and multi-sector approach(06:12) AI investing at Lightspeed(08:24) Foundation models and AI applications(12:09) Sponsors: Rippling | Carta(14:19) The future of AI and enterprise software(18:25) AI in corporate travel(19:00) AI agents in enterprise(19:35) The future of work with AI(21:19) Historical tech shifts and AI(21:42) Sponsor: Squad(22:48) Market timing and investment(23:19) AI's impact on business models(27:36) Cybersecurity in the AI era(32:09) Global entrepreneurship(33:13) Wrap