"They say they fired their analysts, who typically help source and vet deals. Instead, DVC is tapping a network of 170 limited partners (LPs) - including founders and engineers from OpenAI, Google, Meta, Microsoft, Tesla, SpaceX, and Perplexity - to source new deals, and it's arming them with AI tools. DVC initially employed five part-time and full-time analysts, Davidova said, and it eliminated those roles more than a year ago in lieu of AI."
"The LPs will assist founders with hiring, sales, product development, and networking - in exchange for carried interest, a share of profits earned by investment managers. Davidov said that roughly 30% to 40% of the carried interest from each deal is shared with the community of investors, 30% to 40% goes to the partners, and the rest is divided between him and Davidova."
Davidovs Venture Collective launched a $75 million fund focused on Series A and B AI startups. The firm eliminated traditional analyst roles and instead leverages a 170-person network of limited partners drawn from leading AI and technology companies to source and oversee deals. That LP network uses AI agents—co-built by the community—to assist with deal memos, due diligence, portfolio monitoring, and matching founders to relevant experts. LPs provide hands-on support for hiring, sales, product development, and networking in exchange for carried interest. Carried interest splits roughly 30–40% to the investor community, 30–40% to partners, and the remainder to Davidov and Davidova. AI increases productivity but humans remain essential for qualitative founder assessment.
Read at Business Insider
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