Why 3 VCs think the next wave of billion-dollar companies won't be in San Francisco
Briefly

Why 3 VCs think the next wave of billion-dollar companies won't be in San Francisco
"Three longtime venture capitalists, who backed some of the most consequential technology companies of the last decade as partners at Singapore's $800 billion sovereign wealth fund GIC, have reunited. They aim to recreate the magic that led them to make early bets on DoorDash, Uber, Zoom, Coinbase, and Snowflake. And while many of these companies came out of the Bay Area, these VCs say advances in AI mean the next wave of category-defining companies will not be confined to San Francisco."
"Jeremy Kranz founded Sentinel Global in 2022 with a $213 million solo fund. Recently, he brought on former GIC colleagues Chen and Karan Sharma, who invested in Anduril, Coinbase, and SpaceX. The firm is intentionally small, senior-led, and built around research and engineering support rather than a large junior investing staff. "We are a SWAT team model," said Kranz, who was an early investor at DoorDash and Affirm and served on those companies' board of directors. "Let's run a playbook that we know works.""
Three former GIC partners reunited to form Sentinel Global, leveraging prior early investments in DoorDash, Uber, Zoom, Coinbase, and Snowflake. The firm operates as a small, senior-led team emphasizing research and engineering support rather than a large junior investing staff. The partners describe the approach as a "SWAT team" model that applies a proven playbook while adapting to new market dynamics. Advances in AI are expected to produce many leaner companies that can reach significant valuations with smaller capital raises. The focus targets founders building at the intersection of AI, infrastructure, and global commerce beyond the Bay Area.
Read at Business Insider
Unable to calculate read time
[
|
]