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CHART: Meet Business Insider's rising stars of venture capital in 2024, by the numbers

Jon Chu, Caroline Fiegel, Deedy Das, and Iris Sun.
From left to right: Jon Chu, Caroline Fiegel, Deedy Das, and Iris Sun.

Khosla Ventures; Salesforce Ventures; Menlo Ventures; 500 Global; Business Insider

  • Insider compiled its annual list of rising stars of venture capital for 2024.
  • These 45 investors represent the future of VC investing and hail from many different backgrounds.
  • Here's a glimpse into the makeup of this year's rising stars list by the numbers.

Artificial intelligence is creating new opportunities for early-career investors to shine when it comes to sourcing hot startups and writing checks for eye-popping funding rounds.

Business Insider asked for nominations for our annual class of most promising investors. We selected 45 young VCs from a wide array of backgrounds, from associates to founding partners at their funds. As in previous years, BI also included a few picks of our own based on investors' performance throughout 2024.

We compiled data about this year's rising stars and broke it down into five charts that show these investors' locations, areas of focus, and education.

Three of our rising stars this year are founders — Emerson Collective's Julien Barber, who co-founded carbon tech startup Commons; Khosla Ventures' Jon Chu, who built software testing company Koality; and Accel's Ivan Zhou, who founded social gaming company Mayhem.

Unsurprisingly, the majority of investors are based in New York and San Francisco. However, several rising stars call Washington, D.C., Texas, or the Midwest home.

Most of this year's rising stars say they're focusing on doing deals for AI and enterprise startups, while others focus on healthcare, consumer, fintech, and other categories.

Learn more about Business Insider's 45 rising stars of venture capital, by the numbers:

Most rising stars are based in San Francisco, with other investors calling New York, Washington, D.C., and a few other cities home.

Most rising stars invest in AI or enterprise startups.

The majority of rising star VCs went to Harvard or Stanford for their undergraduate degrees. 27 schools in total were represented among the 45 rising stars.

15 rising stars completed graduate degrees. Four rising stars have multiple graduate degrees.

Of the rising stars with graduate degrees, most have MBAs, while others have master's degrees in computer science, AI, or a related field.

Read the original article on Business Insider

Meet 45 rising stars of the venture capital industry who stood out in 2024

Jon Chu, Caroline Fiegel, Deedy Das, and Iris Sun.
From left to right: Jon Chu, Caroline Fiegel, Deedy Das, and Iris Sun.

Khosla Ventures; Salesforce Ventures; Menlo Ventures; 500 Global; Business Insider

  • We asked our readers and top VCs to name the best up-and-coming investors of 2024.
  • These VCs come from big and small firms and invest in startups across all sectors and stages.
  • These 45 venture capitalists are the names to keep on your radar in 2025 and beyond.

Over the last two years, artificial intelligence has exploded into public consciousness, leading to a boom in new startup creation and an antidote to an otherwise sleepy VC investing landscape.

The trend is creating more opportunities than ever for early-career investors to shine when it comes to helping source big deals — or even being the one to write the check.

Every year, Business Insider asks top investors to name the most promising young VCs in their networks. BI also asked the general public, as well as previous rising stars, who they thought should make the cut.

The investors selected to be our 2024 rising stars of venture capital come from a wide array of backgrounds and range from associates to founding partners at their funds, and we also threw in a few picks of our own based on the investor performance throughout this year.

Unsurprisingly, many young VCs are making a name for themselves by betting on hot AI startups. But BI's list also includes investors specializing in healthcare, defense tech, climate tech, and other industries.

Scroll to see 2024's rising stars of venture capital, organized alphabetically by the investor's name.

Daniel Aronovitz, Insight Partners
Daniel Aronovitz, Insight Partners
Daniel Aronovitz

Insight Partners

Over nearly a decade at Insight, Aronovitz has risen from analyst to principal, helping lead investments in Own Company, which Salesforce acquired, and Run:ai, which Nvidia bought. He looks for high-growth B2B SaaS companies in cybersecurity, infrastructure software, and vertical AI. Investments typically span Series A to Series D, with check sizes ranging from $5 million to $500 million.

In 2019, Aronovitz helped open the firm's office in Tel Aviv, Israel, where he lives with his family.

"I draw on years of software investing and pattern recognition to help founders navigate the challenges of scaling internationally," he said.

Casey Aylward, Accel
Casey Aylward, Accel
Casey Aylward

Accel

Aylward joined Accel in 2022. Since then, she has established herself as a go-to early-stage, open-source investor, continuing a firm tradition of early investments in companies like Cloudera, Sentry, and Vercel. She led Accel's seed investments in competitive deals, including VoidZero, founded and led by Evan You, the creator of widely adopted projects in the JavaScript ecosystem, and Astral, a startup building developer tools for the Python ecosystem.

This fall, she also helped organize the first CUDA Mode Hackathon alongside Nvidia and PyTorch, an open-source deep learning framework, attended by hundreds of developers.

Before Accel, Aylward worked at Costanoa Ventures, an early-stage enterprise fund, and was a software engineer at Pinterest, joining through the acquisition of the Accel-backed company URX.

Julien Barber, Emerson Collective
Julien Barber
Julien Barber

Emerson Collective

Climate tech investor Barber advises founders to "go deep" on a topic. He's done that himself as a venture investor at Emerson Collective, where he focuses on backing companies that use technology to break down barriers to a clean economy.

Specifically, he focuses on the hardware solutions needed to decarbonize the economy, such as nuclear fusion, energy storage, and other physical solutions in the energy, industrial, and transportation sectors. This year, Barber helped the firm invest in several clean energy startups, including Antora Energy, Xcimer Energy, and Zap Energy.

Before joining Emerson Collective, Barber completed his graduate program in Mechanical Engineering at MIT's Plasma Science and Fusion Center (PSFC) where he specialized in studying nuclear fusion technology. He also co-founded Commons, a carbon-tech start-up, and advises companies on corporate climate strategy.

Maggie Basta, Scale Venture Partners
Maggie Basta Scale Venture Partners
Maggie Basta

Scale Venture Partners

Basta was promoted to Vice President at Scale Venture Partners, where she focuses on AI infrastructure and developer tools. This past year, she sourced Scale's investments in Galileo, Cortex, Lumos, and QA Wolf. Scale led a $45 million Series B round in generative AI security and monitoring startup Galileo.

Basta is part of a growing number of technically trained VCs with deep expertise in AI and machine learning. Before Scale, Maggie worked as an ML engineer at QuantCo, building AI technology for algorithmic pricing and fraud detection. Her prior academic research focused on Deep Learning.

Basta, formerly a Harvard collegiate soccer player, has authored several key pieces on building and investing in AI infrastructure.

Lori Berenberg, Bloomberg Beta
Lori Berenberg, Bloomberg Beta
Lori Berenberg

Bloomberg Beta

Berenberg has made herself a staple of the New York City tech scene by organizing regular community events, including parties at NY Tech Week and her series of tech breakfasts.

"Venture is one of those rare careers you can start before getting the job," she said. "Build your network, explore your city's startup scene, meet founders, and practice evaluating live deals."

A former product manager, Berenberg joined Bloomberg Beta in 2022 and focuses on pre-seed and seed-stage investments in the future of workspace. Her portfolio includes the lawyer time-tracking platform Ajax and the community-hiring platform Twill. Berenberg earned her undergraduate degree from New York University's Stern School of Business.

Morgan Blumberg, M13
Morgan Blumberg, M13
Morgan Blumberg

M13

Blumberg joined the venture capital world in 2021, and she's since made a big impact on M13's portfolio. As a principal at the early-stage tech-focused firm, she helps lead M13's AI strategy and has sourced or led five of its most competitive AI investments in the past year, including its investments in Norm AI's $11 million seed round, led by Coatue, and RadiantGraph's $11 million Series A, led by M13.

She currently supports 11 of the firm's portfolio companies and sits on the boards of the freelance fintech startup WorkMade and the AI sales platform Lantern.

Blumberg previously worked in investment banking at Morgan Stanley. After leaving banking, she worked on Mike Bloomberg's 2020 presidential campaign and consulted for political media startups before joining M13. Her recent investments have focused on AI applications for the future of work and healthcare.

Molly Bonakdarpour, Drive Capital
Molly Bonakdarpour, Drive Capital
Molly Bonakdarpour

Drive Capital

Bonakdarpour shapes healthcare strategy as a partner at the Columbus, Ohio-based Drive Capital. This year, she's invested in early-stage startups bringing AI to healthcare, including Droxi AI and Clarence Health. She also sits on the board of the insurtech startup Sidecar Health, which raised a $165 million Series D round in June.

She's supported portfolio companies to successful exits even as M&A has lagged, including the Japanese food producer Ajinomoto's acquisition of Forge Biologics, a biotech startup she helped incubate, for $620 million at the end of 2023.

Before becoming an investor, Bonakdarpour led commercial partnerships at the diabetes company Livongo and held analyst roles at 7wire Ventures and JPMorgan.

Vig Chandramouli, Oak HC/FT
Vig Chandramouli, Oak HC/FT
Vig Chandramouli

Oak HC/FT

Chandramouli first saw the limitations of a healthcare system growing up in South India, where his grandfather still runs a small clinic for patients who can't afford to go to the hospital or seek specialty care. Now, at Oak, he backs founders building for underserved patients who can't advocate themselves.

Chandramouli joined Oak in 2014 as one of the firm's earliest employees. He's since worked on 35 of Oak's 58 healthcare investments to date, from new company incubations to growth-stage deals. He has largely focused on investments in value-based care enablement, with a recent eye for startups using AI in healthcare.

Chandramouli helped incubate the generative AI startup Trovo Health, which emerged from stealth in April with $15 million in seed funding led by Oak. He also sits on the boards of startups including Trovo Health, the virtual-reality surgery company Osso VR, and the healthcare training platform Stepful.

Sherry Chao, GV
Sherry Chao, GV
Sherry Chao

GV

Chao brings a scientific background to her role investing in life-sciences startups at GV. After finishing her MBA at Harvard Business School, Chao completed her doctorate in bioinformatics at Harvard, during which she worked in a cancer immunology lab at the Broad Insitute of MIT and Harvard. Collaborating with leading scientists there sharpened her eye for evaluating the science and market viability of GV's biotech investments.

Chao joined GV as a principal in 2021, and the firm promoted her to partner in January. She's worked on deals like GV's bets on the obesity biotech Metsera, the immunology startup Santa Ana Bio, and several companies still in stealth. Before securing her graduate degrees, Chao spent three years at Goldman Sachs as a private-equity analyst.

Jon Chu, Khosla Ventures
Jon Chu, Khosla Ventures
Jon Chu

Khosla Ventures

Chu is one of the investors leading Khosla's charge into AI. His focus on machine learning and its impact on enterprise infrastructure, applications, and developer tools has led the firm to make investments in high-potential startups such as Sakana, a research lab building a foundation model based on nature-inspired intelligence, and Loft Labs, a startup that virtualizes Kubernetes clusters that raised $24 million in funding in April.

Chu began his career as an engineer at Palantir and founded and sold a software-testing company, Koality, to Docker, where he ran Docker's enterprise group. More recently, he spent time at Opendoor, leading engineering for core machine learning, and at Facebook, overseeing engineering teams in both virtual reality and machine learning.

Zeeza Cole
Zeeza Cole
Zeeza Cole

Zeeza Cole

Cole recently wrapped up her time at Bain Capital Ventures, where she wrote checks for the clothing resale infrastructure startup Archive, the inventory-management platform Cofactr, and Arc, which is a digital bank for SaaS startups. Based in New York, she's focused on application software with a focus on industrials and vertical Saas.

Prior to her time at BCV, Cole was an associate at WeWork's creative fund and completed a stint in investment banking at Goldman Sachs. When it comes to founders, she says that the most important quality she looks for is earned insight.

"Whether that is domain expertise from years of working in the industry or simply becoming self-taught in a space where the founder is passionate, having a strong industry perspective is critical for building a future-facing company," she said.

Deedy Das, Menlo Ventures
Deedy Das
Deedy Das

Menlo Ventures

Although having only been at Menlo Ventures for less than a year, Das has already made his mark at the firm for his AI investing prowess. Das, who was previously on the founding team of hot AI search startup Glean, has helped launch the $100 million Anthology Fund in partnership with Anthropic (Menlo invested in the AI giant's $450 million series C round in 2023).

Deedy is one of only three team members (others include partners Matt Murray and Tim Tully) responsible for making investments out of the fund. Having held technical roles at Facebook and Google Previously, Das is also involved with the firm's investment in Pinecone and serves as an advisor to a number of AI startups including Perplexity.

Das is also a prolific contributor to AI and immigration thought leadership and has amassed over 100,000 followers on social media platform X.

On what he looks for in a founder: "Consistency. Focus is one of the most fleeting qualities in today's day and age. We're all distracted by the shiny new thing. Whether it comes from obsession, discipline or simply drive, being consistent is essential. A successful startup takes 7-10 years — that's a longer duration than most people have done anything."

James Detweiler, Felicis
James Detweiler
James Detweiler

Felicis

Detweiler found his way into venture by accident, rejecting roles in physics research and Wall Street trading and working at Silicon Valley Bank. In 2021, Detweiler bet big on AI investing, joining AI-focused fund Zetta Venture Partners. A year later, he joined Felicis with the intention of scaling out the firm's AI portfolio. Over the past few years, Detweiler has helped deploy around $100 million into 8 AI startups.

Detweiler, a physics major and Minecraft lover, has made several early bets on AI and machine learning startups, backing Shield AI. and Flower Labs. He also led Felicis' investment in Skild AI, a company building a foundation model for robotics. Shield AI was last valued at $2.7 billion, and Skild AI was last valued at $1.5 billion.

On what he looks for in a founder: "humility, grit/resilience, clear/secret narrative, talent magnet, fast learner/updates priors, high energy/rate of execution, extraordinary background/track record, and bonus points for expanding the scope of my imagination."

Dion Dong, Leadout Capital
Dion Dong, Leadout Capital
Dion Dong

Leadout Capital

Dong joined Leadout as a principal in 2022. Since joining the firm, which focuses on early-stage startups and helping companies find "founder-market fit," Dong has sourced seven investments, including Creatify, which makes video advertisements with AI, and the food-service sales platform First Bite.

Dong considers himself a generalist investor, though he says he's recently been focusing on the AI app layer. The University of California at Berkeley graduate has made over a dozen angel investments and completed stints at companies including Rippling and Laika. He said the latter experience had been crucial to his success on the VC side of things.

"Be more intentional about developing an investor mindset even before stepping into a full-time investor role, whether it's how you allocate your time, energy, resources, or relationships," he said. "Many skills will likely transfer when allocating capital if you excel at that."

Caroline Fiegel, Salesforce Ventures
Caroline Fiegel, Salesforce Ventures
Caroline Fiegel

Salesforce Ventures

At Salesforce Ventures, Fiegel manages investments for the firm's Slack Fund, which targets early-stage companies creating software and infrastructure meant to power the future of work. Since joining in 2022, Fiegel has helped define the fund's early-stage strategy and sourced and led investments such as Ensemble, a company dedicated to lowering barriers to state-of-the-art machine learning, and Tribble, which automates the "request for proposal" process.

Before she became an investor, Fiegel spent over three years leading product and go-to-market strategy at Quip, a horizontal productivity suite that Salesforce acquired in 2016.

Outside work, she hosts a recurring dinner series for female founders and operators — an effort she hopes to grow and formalize in the new year.

Samuel Garcia, Amplo
Samuel Garcia, Amplo
Samuel Garcia

Amplo

The Austin-based Garcia has been with Amplo for six years, starting out as an associate in 2018 and rising through the ranks before being promoted to partner in 2023. The fund focuses on seed and Series A investing, and Garcia considers himself a generalist investor, though he says he tends to gravitate toward the B2B SaaS, telecom, and legaltech sectors.

His investments include the legal-tech startup Steno, the AI-powered product-management software Axion Ray, and the digital network procurement startup Lightyear.

For Garcia, who graduated from the University of Texas at Austin as well as Harvard Law School, it's important to him that startup founders are experts in their chosen fields.

"I like to ask myself, 'If there was a graduate-level class on what this company does, could this CEO be a professor on it?'" he said.

C.C. Gong, Menlo Ventures
C.C. Gong, Menlo Ventures
C.C. Gong

Menlo Ventures

Gong has an unusually long résumé, especially for someone so young — product roles at Meta and Microsoft, an investor at Bain Capital Ventures, founder of her own video startup, and White House Presidential Innovation Fellow. She added another title to her résumé this year, joining Menlo as a principal. There, she focuses on pre-seed to Series C startups trying to revolutionize how people live, work, and play.

Gong prides herself on her hustle.

"I love breaking down doors for founders," she said. "Having been a founder myself I know how hard it is, and now as a VC my job is to make their job easier."

Jaya Gupta, Foundation Capital
Jaya Gupta, Foundation Capital
Jaya Gupta

Foundation Capital

Since joining Foundation in May 2023, Gupta has already made five seed-stage investments in the AI space, including the sales engineering company DocketAI. Based in San Francisco, Gupta previously completed a stint at the investment-banking firm RBC after graduating from Georgia Institute of Technology.

When it comes to finding success in the world of VC, Gupta said that it's important to find and trust your gut instinct.

"In this business, value for investors means sending relevant deals to the right people, and especially in early-stage investing it's more art than science," she said. "So, it's important to demonstrate you have the capability to identify potential breakthrough people and companies."

Fawzi Itani, Forerunner Ventures
Fawzi Itani, Forerunner Ventures
Fawzi Itani

Forerunner Ventures

Itani began his career at LinkedIn before starting a gaming research and advisory firm. In 2021, he joined Forerunner, which leads seed, Series A, and Series B rounds for consumer startups. Companies Itani works with include Fay Nutrition, which provides insurance-covered dietitians, and Feed, a retailer of healthcare supplements.

"I'd say my superpower has been identifying and engaging in markets that are on the precipice of change," Itani said. "I'm someone who can support our portfolio in any task no matter how big or small, unblocking them, brainstorming alongside them, and getting them in front of people they need to meet."

Tanay Jaipuria, Wing Venture Capital
Tanay Jaipuria, Wing Venture Capital
Tanay Jaipuria

Wing Venture Capital

As a partner at Wing, Jaipuria leads seed and Series A funding rounds in AI-powered applications and infrastructure. Since joining the firm in April 2022, Jaipuria has written checks for the AI social-media ad platform Sesame Labs and the time-tracking legaltech Billables.

Jaipuria, who is based in New York, says aspiring investors should fake it before they make it.

"Be in the flow — help founders with advice, connect them to investors, develop perspectives on sectors and share them online," he said. "You can practice most parts of the job without actually being in the job yet."

Prior to joining Wing, Jaipuria held roles across Big Tech, including product lead at Instagram, product manager at Facebook, and forward-deployed engineer at Palantir. He also spent time as a consultant at McKinsey. Jaipuria earned his undergraduate degree from Columbia University and also graduated from Harvard Business School.

Bryce Johnson, Primary Venture Partners
Bryce Johnson, Primary Venture Partners
Bryce Johnson

Primary Venture Partners

Johnson, based in New York, has been investing at Primary since 2023, and his focus areas include healthcare, fintech, and vertical SaaS. He's made bets on the AI construction startup Bobyard and the fund-management platform Maybern, in addition to a stealth healthtech company.

For Johnson, who graduated from Stanford University with a bachelor's degree in computer science focusing on AI, an important part of VC investing is identifying your strengths and building them into networking.

"VC is all about sharing your grand vision and then executing against the plan," he said. "A question I constantly ask myself as an investor is, 'Why would an incredible founder want to take a call with me when they have other investors knocking at their door?' If you can clearly answer that, doors will open."

Brannon Jones, AlleyCorp
Brannon Jones, AlleyCorp
Brannon Jones

AlleyCorp

After working as an engineer at SpaceX, Jones joined AlleyCorp in 2023 to invest in robotics, aerospace, advanced manufacturing, and energy transition technologies at the pre-seed through Series A levels.

"I've found that one of the most important values I'm able to bring to founders is a thorough understanding of deep tech, specifically its scalability throughout industries," Jones said. "The transition stage from concept to commercialization is notoriously challenging, and so that is where there can often be the most need from a founder's perspective."

Cynthia Kuo, IVP
Cynthia Kuo, IVP
Cynthia Kuo

IVP

After starting her career as a banker at Goldman Sachs and working in finance at Hopin, Kuo joined IVP in 2022. She has worked with two of the hottest startups of 2024, Perplexity and Glean. At IVP, Kuo focuses on AI applications, vertical software, and consumer platforms with check sizes ranging from $10 million to $50 million.

"My time at a startup — joining what was a lean finance team during a pivotal moment in the company's growth trajectory — gave me valuable insight into sustaining hypergrowth and, more importantly, tremendous empathy for founders and their teams," Kuo said. "That experience, combined with my background in finance, honed at Goldman Sachs, enriched my understanding of scaling."

Ashwin Lalendran, Moxxie Ventures
Ashwin Lalendran, Moxxie Ventures
Ashwin Lalendran

S72 Business Portraits/S72 Business Portraits

Lalendran, Moxxie's newest recruit, has designed and deployed computer vision and robotics systems across land, air, and sea. He worked on drones for the Air Force, shipped 3D vision software for Apple's mapping and self-driving-car projects, and led a team of engineers to scale the world's largest private-owned network of ocean sensors at Sofar Ocean.

In his latest role, Lalendran lends founders his operating expertise — having gone from napkin sketches to scaled deployment many times over — and his technical and commercial network. He specializes in regulated industries, whether manufacturing and mining or maritime and medicine.

Before Moxxie, Lalendran cut angel checks into Milu Health, a healthcare startup that raised a seed round of funding from Andreessen Horowitz, and Driver, a startup seeking to take the slog out of technical writing and recently announced $8 million in funding in a round led by GV.

Yuri Lee, IVP
Yuri Lee, IVP
Yuri Lee

IVP

IVP promoted Lee to partner in July, two years after she joined the firm from Morgan Stanley, where she worked on investment-banking deals like Affirm's and SentinelOne's 2021 IPOs. She's sourced and supported some of IVP's hottest deals this year, like its February investment in the AI-powered medical scribing startup Abridge's $150 million Series C. (The Information reported in October that Abridge was raising a fresh $250 million round at a $2.5 billion pre-money valuation, with IVP set to co-lead the deal alongside the tech investor Elad Gil.)

Lee makes investments across tech and healthcare. She serves on the board of the healthcare staffing startup Clipboard Health and helped IVP secure its investment in the hybrid care provider Accompany Health, which launched in January with a $56 million Series A. She also supports some of IVP's highest-value tech bets, including Discord; she cohosted Discord's B2B product launch event at the Game Developers Conference in March.

Beyond VC, Lee is an avid player and creator of video games — she developed the online multiplayer game "Arena of Kings," released in 2021. She was ranked in the top 1% of "League of Legends" players in the US for multiple years. She's lived in five countries, including South Korea, where she was born, Hungary, where she grew up, and now the United States.

Alex Lehman, Sapphire Ventures
Alex Lehman, Sapphire Ventures
Alex Lehman

Sapphire Ventures

Lehman rejoined Sapphire in 2022 after getting an MBA from the Stanford Graduate School of Business. She focuses on generative-AI startups at all layers, from infrastructure to application to large language models.

"As a member of the LGBTQIA+ community, I believe I'm transforming the industry while performing at the highest levels in an ecosystem across which people like me are not widely represented," Lehman said. "The founders I work with know that they are getting my honest take no matter what the context and that I am driven, hungry, and dedicated to working tirelessly towards their success."

Lindsey Li, Bessemer Venture Partners
Lindsey Li	Bessemer Venture Partners
Lindsey Li

Bessemer Venture Partners

Lindsey Li, who joined Bessemer Venture Partners in 2019 as an analyst, has sourced more than seven investments for the firm, including AI and software startups Seam AI and Rundoo.

This year, Li, who makes early-stage bets on startups across gaming and consumer, developer platforms, and crypto, was promoted to Vice President at Bessemer in 2024. She also spearheaded a study focused on AI's effect on developer tasks and contributed to Bessemer's annual State of the Cloud report.

Internally at Bessemer, she created and led the firm's Steel DAO initiative, which developed a platform for deal sourcing for crypto and web3. The DAO evaluated over 300 companies and resulted in four early-stage startups funded by Bessemer.

On what Li looks for in a founder: "Clarity of thought and vision. I find this is often predictive of other very important qualities, including being able to see the present clearly (i.e., hard-headed about the facts) and communicate in granular detail the steps between now and the future they envision."

Radhika Malik, Dell Technologies Capital
Radhika Malik	Dell Technologies Capital
Radhika Malik

Dell Technologies Capital

Malik was promoted from principal to partner at Dell Technologies' VC arm. She invests in AI, machine learning, cloud infrastructure, and deep tech. Her current investments include RunPod, Secuvy, SiLC, TheLoops, and several companies still in stealth mode. Malik sourced the seed investment in AI startup RunPod from an engineering subreddit; the startup raised $20 million from Dell and Intel Capital earlier this year.

A deeply technical software engineer, Malik was previously an investor with Samsung Catalyst Fund, Samsung's deep technology venture fund. Prior to becoming an investor, she worked as a software engineer and product manager at Microsoft and Amazon.

Malik's advice for any aspiring VCs: "Learn the fine balance between being analytical and data-driven and 'suspending disbelief' at the right time when you believe you may have come across a potential outlier. There are a million reasons to say no to any investment. Finding that one reason to say 'yes' takes being able to believe in a big vision that may be supported by very little data."

Abby Meyers, Bain Capital Ventures
Abby Meyers, Bain Capital Ventures
Abby Meyers

Bain Capital Ventures

Meyers says that in VC, it's crucial to do your homework.

"Coming into conversations informed, with interesting insights that can further the thinking of investors that you're interacting with, can demonstrate the type of value you'd bring as a member of their team," she said. "And, everything you learn while breaking in will help you do the job when you get there."

Meyers, who is based in New York, has been at Bain Capital Ventures since September 2022 and was promoted to principal in January 2024. She focuses on the application-software vertical, and her bets include the industrial workplace platform MaintainX, the legal-tech startup EvenUp, and the sales-focused Apollo.

Jesse Middleton, Flybridge Capital Partners
Jesse Middleton, Flybridge Capital Partners
Jesse Middleton

Flybridge Capital Partners

When Flybridge decided to take a big swing on New York's tech ecosystem with a dedicated fund, it named Middleton as the dealmaker in charge. He helped launch and now leads Next Wave NYC, a pre-seed venture fund, wholly owned by Flybridge, that invests in local entrepreneurs using artificial intelligence to build next-gen products.

Middleton is a general partner at Flybridge, having cut his teeth as an angel investor. He built up his network as an early employee at WeWork, where he built and supported a community of thousands of founders in WeWork Labs, the coworking company's take on a startup incubator.

His notable investments include Chief, the professional network for women in executive roles; Jackpocket, a lottery app that DraftKings purchased this year for $750 million; and Arcee.ai, an early-stage developer of small language models that announced two separate funding rounds this year.

Andrew Montgomery, Collaborative Fund
Andrew Montgomery, Collaborative Fund
Andrew Montgomery

Collaborative Fund

Montgomery has boomeranged back to the world of VC: He previously spent eight years at the seed investment firm Mesa Ventures but left in 2020 to be vice president of finance and strategy at the early-childhood edtech startup Lovevery. While at the company, Lovevery closed a $100 million Series C funding round led by TCG, valuing the startup at $800 million.

Montgomery, who's based in Boise, Idaho, and spends time in New York, went back to venture capital in 2023, joining Collaborative Fund as a partner to focus on next-generation consumer startups. He's backed the teen-focused marketing and data startup Cafeteria.

"Showing initiative and the ability to spot potential will set you apart," he said of people looking to get into venture capital. "This could mean helping startups or writing publicly about your ideas. Build a track record of insights that demonstrate how you think about opportunities."

Chris Morales, Point72 Ventures
Chris Morales is a defense tech partner at Point 72 Ventures.
Chris Morales

Point 72 Ventures

Morales leads Point72 Ventures' defense tech practice, a field he's been passionate about since starting his career as a naval flight officer, wherein he was responsible for operating the weapon systems of fighter aircraft. He served in the Navy for eight years before transitioning into investment banking at Goldman Sachs.

Morales joined Point72 Ventures in 2020 as a vice president and was promoted to partner in April. He opened the firm's first office in Washington, DC, in May to build up Point72's military tech presence. He's led and worked on some hot defense tech deals, including the autonomous-pilot startup Shield AI's $90 million Series C in 2021 — the startup clinched more funding last year at a $2.7 billion valuation — and a 2020 investment into Stoke Space, a reusable-rocket company backed by Bill Gates' Breakthrough Energy Ventures.

Morales led the autonomous-driving-tech startup Overland AI's $10 million seed round in May. He's backed several other defense tech startups that are still in stealth this year.

Mason Murray, New Enterprise Associates
Mason Murray	New Enterprise Associates (NEA)
Mason Murray

New Enterprise Associates (NEA)

Mason Murray joined NEA as a Senior Associate in 2022 and helped form its AI investment thesis. He's been involved in several recent AI bets, including Glacier, Limitless AI, and Twelve Labs. Earlier this year, Twelve Labs raised $50 million in funding from NEA and Nvidia.

Prior to NEA, Murray worked in investing banking at Bank of America.

As for his advice for any aspiring VCs: "VC is multidisciplinary and there's no single path in. My advice would be to assess your operational strengths, areas of expertise, and unique networks. Your recruiting, sourcing, and network-building strategies will be most effective when tailored to where you can deliver near-term value. When you find your sweet spot, lean into it."

Sruthi Ramaswami, Iconiq Growth
Sruthi Ramaswami, Iconiq Growth
Sruthi Ramaswami

Iconiq Growth

Iconiq Growth had only a handful of healthcare investments when Ramaswami joined the firm in 2018. Over the past seven years, she's helped Iconiq establish a presence in the industry with 15 healthcare bets, sourcing and leading deals such as the firm's investments into Benchling, Devoted Health, and Unite Us.

This year, she sourced and closed Iconiq's investment into the medical device startup AcuityMD's $45 million Series B round, and she now sits on the startup's board of directors. Her 15 startup investments are worth $1.5 billion today.

Beyond the firm, Ramaswami works to improve diversity in venture capital as a cofounder of Neythri.org, a community of South Asian professional women, and a founding limited partner of the Neythri Futures Fund, a fund made up primarily of South Asian investors that's focused on backing startups with underrepresented founders, especially South Asian women. Two of that fund's portfolio companies, Cacheflow and Rupa Health, were acquired this year.

Naren Ramaswamy, Alumni Ventures
Naren Ramaswamy 	Alumni Ventures
Naren Ramaswamy

Alumni Ventures

Naren Ramaswamy has been promoted four times over the past two years at Alumni Ventures, moving from associate to now the youngest junior partner at the firm. Ramaswamy helped craft Alumni Ventures' AI thesis and created a data-driven sourcing engine for the form. He sourced and led more than deals across AI, SaaS, and deep tech, including Daydream, Vectara, and Vanilla.

Before his work in Silicon Valley, he was a touring soloist/composer on the Indian bamboo flute under musician Ravi Shankar's school of music. Ramaswamy holds three degrees from Stanford, including bachelor's and master's degrees in engineering and an MBA from Stanford's Graduate School of Business. He also teaches a course at the university on venture capital.

Jordan Segall, Redpoint Ventures
Jordan Segall, Redpoint Ventures
Jordan Segall

Redpoint Ventures

Segall joined Redpoint in 2021, concentrating on SaaS, developer tools, AI, and security startups. He likes to invest in companies early, at either seed or Series A, with checks ranging from $1 million to $30 million.

"I've worked in startups like Palantir, C3.ai, and RelateIQ across engineering, product, and presales and leverage those experiences to help founders on everything from recruiting and interviewing candidates, sourcing key customer leads and helping founders with GTM strategy, and thinking through core strategic initiatives and goal setting/planning," Segall said.

Iris Sun, 500 Global
Iris Sun, 500 Global
Iris Sun

500 Global

Earlier this year, Sun moved from TSVC to 500 Global, where she focuses on data infrastructure, vertical intelligence applications, and cybersecurity startups. Sun invests in pre-seed to Series A rounds, with check sizes ranging from $150,000 to $5 million.

"What truly excites me is finding highly technical founders who deeply understand their domains and are committed to building ambitious global companies that can reshape their industries," Sun said.

Companies she has backed include d-Matrix, which is developing a digital in-memory computing architecture, and Ridge Security, an AI agent platform for security validation.

Christopher Wan, Bessemer Venture Partners
Christopher Wan
Christopher Wan, Bessemer Venture Partners

Bessemer Venture Partners

Wan has been spearheading Bessemer Venture Partners' early-stage deep tech investments, including in quantum computing, defense tech, and AI and machine learning. Wen has worked closely with the firm's AI and defense companies, including Bastille, Lumachain, and ModelCode.ai, Bastille, a company developing hardware and software to provide wireless intrusion security software to the US government, recently raised a $44 million in Series C funding.

Wan also helped lead Bessemer's investment in defense AI startup DEFCON AI's $44 million seed round this year.

Prior to joining Bessemer, Wan was an investor at In-Q-Tel and Tusk Ventures, investing in companies at the intersection of technology and government. While getting his MBA and law degree at Stanford, Wan was part of the Stanford Institute for Human-Centered AI, where he researched and wrote policy reports on artificial intelligence.

Andrea Wang, General Catalyst
Andrea Wang, General Catalyst
Andrea Wang

General Catalyst

Wang joined General Catalyst as a partner in May 2023 to focus on early-stage B2B software and AI investments. In the year and a half since, she's worked on 17 of the VC firm's deals, including General Catalyst's seed investment in Pylon, which raised a $17 million Series A led by Andreessen Horowitz in August.

Before joining General Catalyst, Wang led product growth efforts at the analytics company Amplitude, which now helps her understand the pain points of the enterprise startups she invests in. She's also an angel investor, making bets alongside VC heavy-hitters like Sequoia Capital and Coatue, as well as General Catalyst.

Based out of General Catalyst's San Francisco office, Wang helps cultivate relationships between the firm and founders in the Bay Area, including by working with student organizations at Stanford University to identify top student builders. She recently hosted a speed-dating-style event series meant to help entrepreneurs find cofounders in the community.

Derek Xiao, Menlo Ventures
Derek Xiao, Menlo Ventures
Derek Xiao

Menlo Ventures

Menlo has called Xiao a "driving force" of its investments at the frontier of artificial intelligence. Early last year, he led the diligence process for Anthropic — before it had any revenue and before others saw it as a threat to OpenAI's dominance. His iron grasp on the technicals helped the firm establish a thesis for how enterprises would adopt large language models and allowed it to gain conviction in Anthropic before the opportunity was obvious.

Xiao found further success with an investment in Neon, a serverless-database provider that has since raised from Microsoft and is now seeing rapid adoption from enterprises.

He also led Menlo's thesis work around infrastructure to power the next generation of apps. This led Menlo to lead a $40 million Series B round of funding for Unstructured, a startup that helps enterprises transform unstructured data into formats compatible with large language models.

Before he became an investor, Xiao worked as a consultant at Bain & Company.

Mark Xu, Lightspeed Venture Partners
Mark Zu
Mark Xu

Lightspeed

Xu is a growth investor at Lightspeed, focusing on enterprise software companies raising Series B rounds and beyond. He typically deploys $50 million to $150 million. Xu splits his time between finding new companies and doubling down on existing investments like Wiz, Glean, Grafana, Verkada, and Anduril.

Xu prides himself on connecting companies to the right people.

"I've been fortunate to build individual relationships with a wide variety of people," Xu said. "I love being able to 'activate' my network and share those relationships with the companies I work with."

Yuanling Yuan, SignalFire
Yuanling Yuan, SignalFire
Yuanling Yuan

SignalFire

Yuan, who goes by "YY," came to VC from particularly unconventional beginnings — as a women international master in chess. She landed that title at age 14 and was the top female player in Canada for seven years, leading her to start a nonprofit during her high-school years called Chess in the Library, which has run more than 30 chess programs at public libraries across Canada.

Now, as a partner at SignalFire, Yuan tries to predict several moves ahead in healthcare. She's helped grow SignalFire's healthcare portfolio to 30 startups, including by co-leading the firm's investments into startups like the AI-powered medical coding company CodaMetrix, which SignalFire first backed in 2023 at the time of its $55 million Series A, and Praia Health, which spun out of the health system Providence to land a $20 million Series A in April. She sits on the boards of Praia Health, the medical data annotation platform Centaur Labs, the medication adherence startup Wellth, and the clinical documentation company Health Note.

Before joining SignalFire in 2019, Yuan spent two years at Blackstone working on the firm's emerging-markets team and then evaluating late-stage and IPO investments. She also cofounded the New York Corporate Chess League, which saw Blackstone players face off with teams from top institutions like Goldman, JPMorgan, and Bank of America Merrill Lynch.

Jelena Zec, Citi Ventures
Jelena Zec, Citi Ventures
Jelena Zec

Citi Ventures

In her three years with Citi Ventures, Zec has executed on nearly a dozen investments — more deals than some investors hope to make in twice the time. This year, she led Citi's investments in Wealth.com, an estate-planning company; Finix, a payment processor taking on Stripe; and Norm AI, a company working to automate regulatory compliance.

Zec has spent her career in venture capital and growth investing and now acts as a critical bridge between founders of fintech and wealth companies and large financial institutions that are target customers. Her efforts help startups win enterprise business and ensure Citi has access to startups whose partnerships keep the bank competitive.

Emily Zhao, Salesforce Ventures
Emily Zhao, Salesforce Ventures
Emily Zhao

Salesforce Ventures

Salesforce Ventures has committed $1 billion to invest in new applications for artificial intelligence, and it's counting on Zhao to surface the best and brightest teams for investment. Since she joined the firm in 2022, Zhao, a principal, has played a pivotal role in leading some of its biggest investments, including Anthropic, Hugging Face, RunwayML, Protect AI, and Cohere.

More recently, Zhao sourced and led the latest round in Together AI, a startup that allows businesses to train and deploy their own large language models or an open-source model, and one of the largest investments Salesforce Ventures has made in the genAI category to date.

Before Salesforce Ventures, Zhao started her investment career as an associate in the private equity group at Blackstone, where she focused on corporate buyouts. Her passion for finding and backing exceptional founders led her to switch to earlier-stage investing.

Ivan Zhou, Accel
Ivan Zhou, Accel
Ivan Zhou

Accel

Zhou's arrival at Accel in March felt more like a homecoming than a fresh start. Before he became an investor, Zhou founded and led a social gaming company, Mayhem, that raised money from Accel. In 2021, Niantic, the maker of "Pokémon Go," acquired his startup for an unknown sum and put Zhou in charge of product for its game platform. He built out new social and community features and, on the side, advised early-stage founders in Accel's portfolio.

This past spring, Zhou led Accel's Series A investment in Decagon, a buzzy startup developing virtual agents for customer support. He chased down the team before his official start date with Accel, and the term sheet was signed during his first week on the job.

Read the original article on Business Insider

The films, shows, and books Wall Streeters think best illustrate their work lives

Actors Myha'la Herrold and Marisa Abela looking at screens in an office in the HBO show "Industry."
A still from "Industry," an HBO drama about young bankers at the fictional bank Pierpoint & Co in London.

Amanda Searle/HBO

  • Business Insider selected 25 young professionals, 35 and under, as its rising stars of Wall Street.
  • We asked these up-and-comers what TV show, book, or movie best represents the finance industry.
  • They shared some parallels and even pointed to works about nonfinancial subjects.

There's no shortage of colorful characters depicting Wall Street. There's the serial-killer investment banker, the corporate raider who declares that "greed is good," and the crooked, if charismatic, stockbroker, to name a few.

Two of those are fictional movie characters, and one was based on a real person, but they've all shaped the public's perception of what working on Wall Street could be like.

If you ask successful people at some of the biggest banks, asset managers, trading firms, or hedge funds whether they see their reality accurately perceived on the screen or in books, they'll tell you that working on Wall Street is a little less colorful than it's often painted to be.

"I don't know that there's a great movie or book depicting life on Wall Street," Mark Zhu, 34, a managing director at Blackstone, told Business Insider. "The day-to-day is a lot more boring than you think. It's a lot of calls and a lot of emails. There's not as much flamboyance or out-there behavior. It's almost not movie-worthy. Why would you pay money to watch somebody just sit in front of a computer doing Zooms?"

So maybe they think all that partying on HBO's show about twentysomething investment bankers, "Industry," is a little overdone, but there are still some elements the entertainment industry gets right occasionally.

We asked up-and-comers on Wall Street about the shows, movies, or books that best represent their daily lives. While no one representation was perfect, the young professionals talked about some of the parallels they saw. Some even shared some nonfinancial references that give a window into their world.

Here are the shows, movies, or books that give a flavor of what it's like to work on Wall Street.

Shows: "Industry"
A scene from the HBO show Industry. Actors David Jonsson, Ben Lloyd-Hughes, Harry Lawtey, and Sagar Radia are standing behind a set of computer screens, and Myha'la Herrold is sitting down in the forefront.
"Industry" follows junior bankers at a fictional elite institution in London.

Amanda Searle/HBO

The hit TV show "Industry" — full of sex, drugs, and spreadsheets — just wrapped up its third season.

"My friends in the last few years have nonstop bothered me about 'Industry,'" Justin Elliott, 29, a vice president of institutional rate sales at Bank of America, said.

"They see a crazy show about the industry and say, 'My God, I can't believe that happens in your world every day.' From what I've seen, there's definitely some thrills from getting a trade done that might mirror the show a bit, but it's a very exaggerated depiction of life on Wall Street."

"I don't know that any of them do a great job, but I am quite a fan of 'Industry,'" Erica Wilson, a vice president at the private credit firm Blue Owl, said. "I am still behind on the third season, but I think that show is fun."

"Succession"
Jeremy Strong, Sarah Snook, and Kieran Culkin sitting around a boardroom in HBO's show Succession.
"Succession" siblings fight it out over four seasons for the future of their father's media conglomerate.

David Russell/HBO

Though the blockbuster show "Succession" isn't specifically about the banking industry, Daniela Cardona, a 29-year-old investment banker at RBC Capital Markets, watched it in its entirety and found some similarities in high-stress moments.

"In the last season, when they're trying to merge the two companies, there's one scene that always makes me giggle. I don't think this is fully accurate, but I do think it's funny — they're in a conference room, and Kendall says, 'Just make it up!' and they're all with their laptops sitting in the middle, and the consultants are looking at him like, what do you mean, make it up?" Cardona said.

"There have been instances where it sometimes feels that way — where you're in a time crunch and it's 3 o'clock in the morning."

"Scrubs"
scrubs zach braff donald faison
"Scrubs" follows a group of medical students learning the ropes.

ABC/Photofest

Ben Carper, a 34-year-old managing director at Jefferies, pointed to the medical comedy sitcom "Scrubs" as a better representation than anything that features board rooms and trading floors.

He said the show had a "similar high-pressure environment where there are some opportunities for amusement and humor, but generally a pretty vigorous focus on doing a job well done."

Movies: "Margin Call"
A still from the movie Margin Call of Zachary Quinto with a pencil in his mouth.
"Margin Call" takes viewers inside a nameless financial institution.

Roadside Attractions

The 2011 drama "Margin Call" follows the 24 hours after an analyst at an investment bank discovers it has taken on more debt than it can handle — illustrating the early stages of the 2008 financial crisis.

"I think it picks up the cadence of working at a big bank the best," said Austin Anton, 32, a principal at Apollo Global Management.

"The Wolf of Wall Street"
the wolf of wall street paramount pictures
Leonardo DiCaprio plays Jordan Belfort in the Martin Scorsese-directed film.

Paramount Pictures

"The Wolf of Wall Street" follows the story of Jordan Belfort, who actually only worked at a Wall Street firm for a few months before the 1987 stock-market crash. He goes on to run his own brokerage, which ultimately scams several people, but the movie highlights the debauchery, opulence, and excess that ensued during his run.

"This almost sounds weird, but I'm going to say 'The Wolf of Wall Street,'" Matt Gilbert, a managing director at Thoma Bravo said. "The absurdity of that movie, to some extent, I do think, kind of incorporates some aspect of our job."

While finance is the backbone of the economy and certainly has global implications, what bankers and investors do on a day-to-day basis isn't saving lives, the 35-year-old added.

"I think the fact that you could have a comedy wrapped around the finance world is important, and it always makes me take a step back and think through, sure, I want to win every deal," he said. "Our fiduciary duty at Thoma Bravo is to produce the best returns for LPs, but this job is supposed to be fun. I'm supposed to work with great people. We're supposed to laugh together. I think if people take this job too seriously, that's when burnout and other things happen."

"The Big Short"
the big short
"The Big Short" follows several Wall Street players as they begin to piece together what was happening to the American housing market.

Paramount Pictures

"The Big Short," the movie based on the financial journalist Michael Lewis' book, chronicles how Wall Street helped fuel the US housing crisis in 2008 and the investors who profited from it.

"It's not our day-to-day, but I think it is an OK representation of what happened at the time," said Chi Chen, 34, a portfolio manager at BlackRock. " Maybe it is not all factual, but it is a good one that is representative."

"The Internship"
the internship 1 interns owen wilson vince vaughn google
Starring Owen Wilson and Vince Vaugh, "The Internship" actually shot some scenes at Google's headquarters.

20th Century Fox

Patrick Lenihan, a portfolio manager at JPMorgan Asset Management, said "The Internship," which features two old-school salesmen trying to restart their careers through an internship at Google, reminds him of the importance of having and supporting a diverse team.

"I feel like that team with Owen Wilson, Vince Vaughn, the rest of them, and how they come together at first, you see there's just a variety of different people that you're like, 'Oh, this is going to fail,'" he said. "But I think a large part of my success is going back to that teamwork, getting the right people in, and ensuring that diversity of opinions."

Books: "Market Wizards"
Cover of Market Wizards by Jack Schwager

Amazon

BlackRock's Chen, who focuses on fixed income, said that to really gain insight into the investing industry, it's best to read the "Market Wizards" book series, which features interviews with top traders.

"A lot of those investing stories for that book series are more from two, three decades ago, when market volatility was much higher. But we have seen a comeback of market volatility since 2020," she said. "So I have always enjoyed that whole series of books."

"Free Food for Millionaires"
Book cover of Free Food for Millionaires by Min Jin Lee

Amazon

Elliott, the Bank of America VP, recommends Min Jin Lee's novel "Free Food for Millionaires."

"It's about a Korean woman navigating life who ends up on Wall Street in an admin capacity. But really, it's a story about belonging and identity — about trying to make it in a world and industry you didn't initially know much about," he said.

"To me, it's a lot more humanistic. It gives me a bit more of a personal perspective when I think about my journey on Wall Street. When I think about the people — and understanding people is so much of this job — I go back to 'Free Food for Millionaires.'"

"The Man Who Solved the Market"
Cover of "The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution"

Amazon

There's no fictional piece of media Bridgewater's Blake Cecil has found to reflect life in finance; he said shows and movies "feel quite distant" from his day-to-day.

A biography of the late hedge-fund billionaire Jim Simons, "The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution," reflects how the deputy chief investment officer and his colleagues approached challenges.

"It resonated with my experience of working with people who are using algorithms to solve problems that often hadn't been asked before," Cecil said.

"The Inner Game of Tennis"
Cover of The Inner Game of Tennis

Amazon

Harrison DiGia, a vice president at General Atlantic, had another book recommendation: "The Inner Game of Tennis" by W. Timothy Gallwey.

"This book is all about the mental game and trusting your intuition and yourself. You use practice and your preparation before a competition so that when the time is right, or you have a big opportunity, you're ready, and your mental game is as strong as it can be," DiGia, 31, said.

"When I think about investing, a lot of it is setting yourself up to get that big opportunity and making sure you're prepared and can have a clear mind when that pressure situation comes. I'm a huge tennis fan, so I think about this when I'm on the tennis court, but I think about it in a professional setting as well."

"Unreasonable Hospitality"
Book cover for Unreasonable Hospitality by Will Guidara

Amazon

In the book "Unreasonable Hospitality: The Remarkable Power of Giving People More Than They Expect" by Will Guidara, the co-owner and general manager of Eleven Madison Park describes how he manages his business, his customer-service style, and the things he'd do at Eleven Madison Park to go above and beyond.

Craig Kolwicz, an investment banker at Moelis, said the "unreasonable hospitality" described in the book (such as having an employee run out to get a hot dog for a customer who you overheard saying they hadn't had one in New York yet) isn't dissimilar to the type of service that could differentiate an investment banker.

"It depicts a restaurant that's an extremely expensive restaurant where there's an extremely discerning clientele base. They could go to all these other really fancy, really nice three-Michelin-star restaurants in New York or in the world," the 35-year-old managing director said.

"How do you differentiate yourself? There's a lot of investment bankers out there and there's a lot of really smart clients and folks that we work with all the time — and how do we get them to stay with us? How do we get them to hire us on the next deal? It's some of the stuff that we do," he said. For example, he'd recently flown to Los Angeles for an 11:30 a.m. pitch meeting and flown back.

"It's like hospitality, but it's kind of an unreasonable client customer service to do something like that," Kolwicz said.

Read the original article on Business Insider

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