Richard Fraim retweeted
The future isn’t written in training data.
Early-stage investing lives in what hasn’t happened yet. Humans are still the best at this and I can't imagine AI being better on any alarmist timeline.
Good luck training on that.
Not to mention, I can't imagine the best founders in the world wanting only to work with robots. This is a people business. Sure, some of the tedious shit we do will be automated, but we will, like all other industries, become more super human.
These "hot takes" are getting old and lack imagination.
the venture capital bloodbath is coming and most vcs have zero idea
agents will replace 90% of what associates and principals actually do:
• deal sourcing through network analysis
• due diligence via automated data mining
• portfolio monitoring with real-time metrics
• pattern matching across 10,000x more deals
what exactly are you getting paid for when an agent can analyze every startup in your sector in 3 minutes?
the entire industry is built on information asymmetry that ai just eliminated
most funds will become algorithmic within 24 months
the only vcs who survive are the ones who can actually build companies, not just write checks and send intros
Richard Fraim retweeted
Coatue just put a number on what we’ve been seeing at seed for 3 years.
Software = $0.2T market.
Services-as-software = $5.5T.
25x.
The shift is from selling tools (per-seat) to selling work (per-output).
This is why the best vertical AI companies don’t compete with software incumbents.
They’re compete with expensive service providers, BPOs and high turnover labor.
A $2K/month AI agent replacing an $80K/year agency is the new business model.
We are very excited to partner with the @CityDetect team to help make cities cleaner, safer, and more desirable! Looking forward to supporting the team through its next phase of growth!
@KnollVentures @lasolasvc @AtlantaSeedCo @hypepotamus
hypepotamus.com/startup-news…
This is incredibly exciting for the city. I couldn’t think of a better team to take on this ambitious project. Amazing work @AtlantaVentures team!
Can’t wait to see what’s next!!
🚀🚀🚀🚀
Atlanta is in our name for a reason.
Every great city in the world has a safe, active, and vibrant downtown. It's Atlanta's turn.
atlantaventures.com/blog/atl…
Richard Fraim retweeted
We're BEYOND EXCITED for our inaugural Startup Showcase Live competition at #VA2023!🎉 This is a unique opportunity for Pre-Seed + Seed-Stage companies to pitch investors & compete for a $500K investment prize!
So without further ado, get to know our panel of investor judges👏⬇️

ALT circle ball Mark Buffington Founder of BIP Capital & Managing Partner of BIP Ventures John D. Cooper Vice President of Venture Investments for Wellstar Health System & Head of Venture Investment for Catalyst By Wellstar Richard Fraim Partner at Knoll Ventures Ryan Whitemore Partner & Chief Investment Officer for Florida Funders
Congrats to the @repvue team on announcing its Series Seed fundraise!! So excited to be a part of this team that is transforming b2b sales culture. Big things ahead grepbeat.com/2022/05/25/chap…
👀👀👀
Congrats to @KnollVentures portco @tourialtech on raising a $3.4 Seed led by @bonfire_vc ! We are extremely excited to support @binkleyaj and @JasonGraub as they upgrade the ability of marketers to offer interactive product experiences 🚀🚀
tinyurl.com/4jawprvd
According to @nvca, VC investment in 2021 totalled $330 billion, approx 2x (!!!) the former record of $166 billion in 2020
For some perspective, this is ~3.75x the $88 billion invested in 2017 (also a record at that time)
An incredible evolution.
pitchbook.com/news/reports/q…
This is going to be fun!!
Introducing ASB Investor Judge: @RFraim
Richard is a Partner of @KnollVentures. He is actively involved in the local tech ecosystem, acting in various mentorship positions.
Richard will be an investor judge for ASB on October 21st.🚀
Tickets AVAILABLE: AtlantaStartupBattle.com
Congrats to @KnollVentures portfolio company @dauplerinc on closing its Series A financing!
biz.blogdady.com/4m-funding-…
Richard Fraim retweeted
"Career planning is for losers."
- Marc Andreesen (probably)
I read 10,000 words of career advice from @pmarca.
Here are 10 lessons👇
🤯
Coinbase — $1.28B in 2020 revenue. Profitable. 43 million active users. sec.gov/Archives/edgar/data/…
Richard Fraim retweeted
Registration for Venture Atlanta Live Online is now open! Don't miss out on the event that everyone in the industry will be talking about: bit.ly/VALIVEPricing
#VALiveOnline #VA2020
Q1 GDP revised to -5.0%, 40M+ jobless claims in the last 10 weeks, Minneapolis is (literally) burning, tensions with China continue to heat up, and now 100,000+ COVID deaths
Equities: 🤷♂️
We are excited to announce our latest investment in ConverseNow Technologies! Big things are ahead!
news.crunchbase.com/news/con…
The concept of COVID immunity certification is fascinating, although it would likely carry massive unintended consequences
wired.com/story/to-beat-the-… via @wired
Richard Fraim retweeted
Zillow to pause home buying in all markets marketwatch.com/story/zillow…
Thinking about the 2-sided shock that happened in oil market (flood of supply with a large drop in demand). And how there could be a similar dynamic in CRE; already a huge amount of inventory coming to mkt timed with a sudden drop in demand. Espec if large # of SMBs go BK.















