Podcasts · VC10X - Investing, Venture Capital, Asset Management, Family Office, Wealth Management
VC10X - A Solo-Capitalist's Journey in AI & Venture - Itamar Novick, Founder, Recursive Ventures
· 39 min
Episode VC10X - A Solo-Capitalist's Journey in AI & Venture - Itamar Novick, Founder, Recursive Ventures
Itamar Novick is a solo capitalist and the founder of Recursive Ventures, a pre-seed & seed fund focused on fintech, AI and emerging tech startups. Itamar has been on all sides of the startup table: as a founder and executive, an institutional VC, and an angel investor. He has supported over 50 successful startups, including Deel, HoneyBook, Placer, Credible among others.
⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com
Itamar Novick on LinkedIn - https://www.linkedin.com/in/itamarnovick
Itamar's blog - https://www.itamarnovick.com/
Recursive Ventures website - https://www.recursiveventures.com/
🎙️ Hosted by Prashant Choubey
Follow Prashant on X - https://x.com/ChoubeySahab
Follow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahab
In this episode we talk about -
- What does it mean to be a solo-capitalist?
- His learnings from Life360 and Gigya
- How AI is enabling him to 10x himself
- The one man unicorn made possible with AI
- His biggest learning investing in startups over the years
& lots more
Timestamps:
(00:00) Introduction
(02:22) Itamar's story of becoming a solo capitalist
(04:08) Difference between solo GP and solo capitalist model
(05:07) Story of investing life savings in Life360
(07:28) Initial journey at Life360 and role in the company
(09:36) How operational experience shaped investing philosophy
(12:01) Investment decision-making process at pre-seed stage
(14:50) Exciting themes and sectors for investment
(17:12) Thoughts on AI models potentially replacing application layer startups
(20:35) Patterns of startup success and anti-patterns
(23:41) Using AI to enhance VC processes and decision-making
(27:52) Current market perspective - "have and have-nots
(29:58) Approach to valuation and investment in AI startups
(32:01) Investment instruments - SAFEs vs priced rounds
(34:38) Biggest learning from investing in startups - founder grit and determination
(36:47) Rapid fire round begins - sectors and regions of investment
For sponsorship or guest appearance requests, write to prashantchoubey3@gmail.com
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Links in the notes 4
Transcript
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