Maven Ventures raised $60 million for a fund focused on 'massive consumer tech trends,' following venture capitalists' belief in ongoing opportunities despite shifts in sector popularity.
Jim Scheinman highlighted the cyclical nature of consumer tech, emphasizing the current potential as the industry is in a trough, creating less competition and noise for investors.
Maven Ventures aims to support the next big companies in health AI and robotics AI, foreseeing the birth of multi-billion-dollar enterprises over the next few years comparable to Zoom, Cruise, and Facebook.
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