"Shiva, named for the Hindu god of transformation, has raised $10 million to back AI startups of one to three people - which it calls "Stars" - and arm them with monthly stipends rather than large, upfront checks."
"Brazilian entrepreneur Lucas Marques founded Shiva, backed by venture firm Monashees. He believes AI can create opportunities for founders from disadvantaged backgrounds by dramatically reducing operating costs."
"Marques said smaller, profitable exits - in the $20 million to $50 million range - can still generate strong returns with minimal overhead. "It's not a unicorn; it's not enough to make IPO," Marques said, "but it's an amazing company for a guy from a poor background. It can change the whole city.""
Shiva, a Brazilian startup fund founded by Lucas Marques and backed by venture firm Monashees, has raised $10 million to invest in AI startups with minimal team sizes of one to three people. The fund provides monthly stipends rather than large upfront investments, with total funding capped at $300,000 per company over approximately one year. Marques believes AI has reduced operating costs sufficiently to enable small teams to compete globally. The fund targets entrepreneurs from disadvantaged backgrounds, reflecting Marques' background in rural Brazil and his work with an NGO teaching low-income students coding. Shiva takes equity stakes capped at 15% and focuses on profitable exits in the $20-50 million range, which Marques argues can generate strong returns with minimal overhead.
Read at Business Insider
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