Artificial intelligence is changing the world - but it is also changing the needs and formation of start-ups. The type of entrepreneur building AI and Robotics start-ups is rapidly different than ever before. The highly specified nature of artificial intelligence engineering means that the next wave of founders will be born from PhD programs or deep within the R&D labs of large companies
And they will all have one thing in common - their expertise lies more in the world of code than anything resembling business experience. The past model of early-stage incubators that provide broad engineering help and nothing in the way of Go-To-Market strategy is no longer valuable.
Grit’s founding team, Jennifer Gill Roberts and Kelly Coyne, have over 30 years of investment and hardware experience and combined, have served in executive roles in 10 deep tech start-ups. Grit is the result of the merger of a seed-stage fund and an AI Go-To-Market firm. Startups within the Grit community benefit from their seasoned guidance during every phase of the often tumultuous journey to market.
We will syndicate as many deals as possible. We expect to invest in 3-5 deals per year. Our typical investment will be $100 - $250K. We typically co-invest with other micro VCs and AngelList syndicates.