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Driving Sustainability through Employee Benefits with Scope Zero CEO Lizzy Kolar

The WorkplaceTech Spotlight host Hadeel Al-Tashi sits down with Lizzy Kolar, Co-Founder and CEO of Scope Zero to dive into how Scope Zero's Carbon Savings Account (CSA) empowers employees to make affordable home technology and transportation upgrades while aligning with corporate sustainability goals. They discuss how the CSA not only supports environmental and financial wellness for employees but also strengthens a company's commitment to sustainability. Don't miss this opportunity to learn how integrating green benefits can drive meaningful impact within your organization.

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On the Record with Nate Cavanaugh, CoFounder & Co-CEO of FlowFi

On the Record with Nate Cavanaugh, CoFounder & Co-CEO of FlowFi.

In 2021, Nate co-founded of FlowFi, a SaaS-enabled marketplace that connects startups and SMBs with finance experts. FlowFi has raised $10M from top VC firms including Blumberg Capital, Differential Ventures, Clocktower Ventures and Precursor Ventures, and generated 7-figures of annual recurring revenue in its first year.

Nate was nominated to the Forbes 30 Under 30 list for Enterprise Technology.

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On the Record with Elissa Ross, CoFounder & CEO of Metafold

On the Record with Elissa Ross, CoFounder & CEO of Metafold. Elissa Ross is a mathematician and the CEO of Toronto-based startup Metafold 3D. Metafold makes an engineering design platform for additive manufacturing, with an emphasis on supporting engineers using metamaterials, lattices and microstructures at industrial scales. Elissa holds a PhD in discrete geometry (2011), and worked as an industrial geometry consultant for the 8 years prior to cofounding Metafold. Metafold is the result of observations made in the consulting context about the challenges and opportunities of 3D printing.

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Banking in Venture Capital & the Tech Industry

On Tuesday, April 25th, 2023, Differential Ventures hosted a webinar on “Banking in Venture Capital & the Tech Industry”. The panel was moderated by David Magerman, Managing Partner of Differential Ventures, and joined by guest speakers Michael Crook (Chief Investment Officer, Mill Creek Capital Advisers), Samir Kaji (CEO & Cofounder, Allocate), and Matt Streisfeld (General Partner, Oak HC/FT).

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The Implications of Generative AI in Different Parts of Industry & Society

On Thursday, March 16th, Differential Ventures hosted our first webinar entitled Implications of Generative AI in Different Parts of Industry + Society. The panel was moderated by David Magerman, Managing Partner of Differential Ventures, and joined by guest speakers Sharon Zhang (Cofounder & CTO, Personal.ai), Erik Bernhardsson (Founder, Modal Labs), and Adam Oliner (Founder & CEO, Graft).

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Systemic Bias in Data Makes AI a Stereotype Machine

InsideBigData: Artificial intelligence (AI) software systems have been under attack for years for systematizing bias against minorities. Banks using AI algorithms for mortgage approvals are systematically rejecting minority applicants. Many recruiting tools using AI are biased against minority applicants. In health care, African Americans are victims of racial bias from AI-based hospital diagnostic tools. If you understand how data science research produces the models that power AI systems, you will understand why they perpetuate bias, and also how to fix it.

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On the Record with Deddy Lavid, CoFounder & CEO of Cyvers

On the Record with Deddy Lavid, CoFounder & CEO of CyVers. Deddy Lavid is a serial ML entrepreneur. He is skilled in giving life to abstract, cutting-edge ideas and turning them into powerhouses. He has founded 3 startups from the ground up (a 0 to 1 kind of person), including one which was acquired, and one that is currently growing fast. Deddy loves envisioning the future and builds amazing teams that focus on making these visions a reality.

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How global unrest will impact innovation in 2023

TECHCRUNCH: The global economic and political turmoil of the past year has had a meaningful impact on corporate innovation in the technology industry and beyond. All of these factors have led to belt-tightening in the corporate world, layoffs and hiring freezes and a more conservative investment posture from the investment community. Inevitably, these changes will have a chilling effect on innovation in the years to come.

However, there is perhaps a silver lining when it comes to the prospects for innovation. In some ways, these market forces might actually serve as an accelerant for creativity and advancement in technology.

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David Magerman in Fast Company’s “The Biggest Tech Trends of 2023”

FAST COMPANY: Fundraising as a business model is dead. Valuations in the tech industry will ultimately settle above pre-pandemic levels, but down from 2021. The top companies will be surprisingly closer to the record highs. There is still a significant amount of undeployed cash in venture funds at all stages. Investors and managers are still smarting from recent pain, and appropriately chastened by overly exuberant valuations, but they will have to deploy their capital eventually. Once markets and macroeconomic forces stabilize, we should see the strong companies returning to 2021 valuations.

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On the Record with Tomide Adesanmi, CoFounder & CEO of Circuit Mind

Tomide Adesanmi is the Co-founder/CEO of Circuit Mind, a venture-backed startup that is developing intelligent software for electronic engineers. Circuit Mind's software enables electronics teams to design faster and better by specifying their input requirements and exploring automatically generated design options in seconds/minutes. Before Circuit Mind, Tomide was an electronic systems engineer at BAE Systems, where he developed Heads Up Display Systems and Helmet Mounted Display Systems for jet fighter pilots.

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Israel’s cybersecurity startup Cyvers secures $8M Seed funding to make Web3 and crypto exchanges safer

Today, Cyvers announced it has raised $8 million in seed funding to protect against fraudulent cryptocurrency purchases before reaching the ledger. What makes this critical is that in 98% of the cases, crypto exchanges, DeFi protocols, and custodians are not alerted about the fraud until after it has been immutably registered.

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Perfecting privacy: Private AI secures $8M USD in funding to expand their “Privacy Layer for Software”

Private AI’s solution gets to the root of the problem by identifying, removing, and replacing personal data with an unparalleled level of accuracy. With $8 million secured in Series A funding, they have begun expanding their operations across Europe and investing in product enhancements, such as the forthcoming self-service platform.

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On the Record with Itay Sinuani, CoFounder & CEO of Demoleap

Itay Sinuani is the Co-Founder & CEO of Demoleap. He has a Bachelor of Science in Industrial Engineering and Management; Information Systems Engineering, and an MBA from the Tel Aviv University Coller School of Management. Itay previously worked at ServiceWise and Salesforce before founding Demoleap in 2019. He currently lives in the Tel Aviv area with his family.

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On the Record with Marc Stevens, CEO & CoFounder of Row64

Marc is the Co-Founder and CEO at Row64. Previously, Marc was the CEO of Boon AI (a Gradient Ventures portfolio company), bringing “low code” machine learning solutions to the media and entertainment markets. Before getting into startups, Marc spent 25 years as a technology executive in the media and entertainment markets for large multi-national corporations, managing industry-leading product portfolios for Autodesk's media and entertainment division, the 3D division of Avid Technology, and the Softimage division of Microsoft.

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On the Record with Sarah Nagy, CEO of Seek AI

Sarah started Seek back in September 2021, and comes from a quant/data science background. Sarah started her career as an astrophysics researcher and then became a quant doing algorithmic trading at ITG. She then led the quant efforts at two startups (Predata and Edison, both acquired by unicorns) as well as the consumer data team at Citadel’s Ashler Capital. Sarah has B.A./B.S. degrees in Astrophysics and Business Economics from UCLA, and an MFin degree from Princeton.

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Data-Driven Work Cultures

Be open with your employees about how data is being used. People don’t like to be manipulated by tools or management. A few years ago, we looked at a startup that was using data generated by work tools, like email, Slack, and other communication tools, to evaluate how employees were collaborating. They planned to deploy this tool to help managers and human resources departments identify employees that weren’t integrating with their teams, weren’t being managed well, and might be likely to want to leave their jobs.

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On the Record with James Dirksen, CEO of DeepSurface

James Dirksen is co-founder and CEO of DeepSurface Security, the first risk-based vulnerability management platform that allows cybersecurity teams to automate the process of analyzing and prioritizing vulnerabilities. A serial entrepreneur and accomplished executive, James brings a unique blend of leadership in the private and public companies to DeepSurface.

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Cyolo raises $60 million in Series B financing

Cyolo, the Israeli creator of the original Zero Trust Network Access 2.0 solution for IT and OT, announced today the completion of a $60 million Series B round led by National Grid Partners, with participation from existing investors Glilot Capital Partners, Flint Capital, Differential Ventures, and Merlin Ventures.

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On the Record with Brett Whitsitt, Founder & CEO of Squire Solutions

Brett Whitsitt brings a lot of experience to his role, built on a foundation of servant leadership & passion for National Security. As a SEAL Officer, having led troops in combat during 4 deployments or directing special operations activity across 12 countries in Europe, he has deep knowledge of the strategic, operational, and tactical requirements across military and emergency response segments. After service, he earned a Wharton MBA while working at J.P. Morgan in the Leveraged Finance Group. His military and business experience fortify the firm’s position to deliver results and exceed expectations.

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On the Record with Zeeshan Zia, CEO of Retrocausal

Zeeshan Zia is the CEO at Retrocausal, a Seattle-based company that builds computer vision software focused on improving manual assembly work in manufacturing. Before founding Retrocausal, Zeeshan worked as a scientist and shipped multiple AI-first products at Microsoft, NEC, and Qualcomm. Zeeshan holds a PhD in computer vision from the Swiss Federal Institute of Technology, Zurich and led a research group as a postdoctoral scientist at Imperial College London in the early 2010s, before joining the corporate world.

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Nick Adams: Startups Acquiring Startups

CRUNCHBASE: By nearly every measure, 2021 was an astounding year for venture capital and tech startups. While VC mega rounds, massive IPOs and SPACs may have dominated the headlines, tech M&A transactions increased by more than 30 percent from 2020 and deal value increased more than 50 percent to nearly $900 billion.

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Retrocausal Raises $3.4 Million

Retrocausal, a growing leader in AI-driven quality assurance systems for manufacturing professionals, today announced it has secured $3.4 Million in new funding. The round was led by Glasswing Ventures and Differential Ventures, along with major investors, Argon Ventures, Ascend Ventures Vietnam, Hypertherm

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DeepSurface Security Secures $4.5 Million to Ignite Business Expansion

DeepSurface, the award-winning, automated risk analysis and prioritization company, announced that it raised $4.5 million in a seed funding round. The funding round was led by Differential Ventures, an artificial intelligence and cyber security seed venture fund. Key investors include Osage Venture Partners, Ginossar Ventures and Peninsula Ventures.

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David Magerman: How data fuels the evolving customer journey

VENTUREBEAT: Have you ever had one of those creepy experiences where you’re talking about something — a product or service like skinny jeans or car rentals — and then ads start showing up on Amazon, Google, and Facebook related to your conversation? No, big tech isn’t listening to you, or at least not all the time. You might not realize it, but your communications often leave trails of breadcrumbs behind — in your email, search history, credit card purchases, and other places within the digital universe. Whether its third-party cookies or data sharing arrangements between technology companies, it’s effortless for advertisers and ecommerce sites to design targeted ads eerily relevant to your day-to-day life.

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Reverse Engineering Customer Journeys And Being At The Pulse Of Data Privacy Regulation

FORBES: The topics of unprecedented growth and consumer data privacy are two areas that will continue to have a major impact on leading brands in the year ahead. The combination of accelerated digital transformation and more stringent rules around data privacy will be at the heart of customer experience (CX) innovation in 2022 and beyond. As a result, Chief Marketing Officers are quickly morphing into Chief Growth Officers who are now tasked with driving this type of CX enhancement, via superior data architectures and tightened alignment with their respective Chief Technology Officers.

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No-Code, Low-Code Machine Learning Platforms Still Require People

INFORMATION WEEK: No-code, low-code (horizontal) machine learning platforms are useful at scaling data science in an enterprise. Still, as many organizations are now finding out, there are so many ways that data science can go wrong in solving new problems. Zillow experienced billions of dollars in losses buying houses using a flawed data-driven home valuation model. Data-driven human resources technology, especially when based off facial recognition software, has been shown to bias hiring decisions against protected classes.

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On the Record with Jahanzaib Ansari, CEO of Knockri

Jahanzaib Ansari is the Co-founder and CEO of Knockri. Jahanzaib served as a key advisory member to the World Economic Forum's Global Council on Equality & Inclusion. He contributed his expertise on ethically built AI for selection and assessment to several reports: including "Diversity, Equity and Inclusion 4.0 Toolkit" and "Global Social Mobility Index 2020: why

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Synopsys Acquires AI-Powered, Real-Time Performance Optimization Leader Concertio

To enrich its silicon lifecycle management solution with real-time, in-field optimization technologies, Synopsys, Inc. (NASDAQ: SNPS) today announced that it has acquired Concertio Inc., the leading provider of AI-powered performance optimization software. The acquisition is another step in the continued enhancement of the Synopsys SiliconMAX™ Silicon Lifecycle Management (SLM) Platform.

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Nick Adams: Things I Need To See Before Making a VC Investment

AUTHORITY MAGAZINE: The biggest mistakes I have made as an investor and as an operator always came down to overvaluing my own abilities to fix a flaw with a company. The times where I took a job or made an investment thinking that I could change significant flaws with the business always ended in failure. I am fortunate to have learned this lesson pretty early on in my tech career and tend to be hyper-aware of when I am looking at a company through the lens of it being ‘my company’ and adjust my thinking.

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Anything That Moves Podcast with David Magerman: Is L5 autonomy an AI fool's errand?

ANYTHING THAT MOVES PODCAST: David Magerman, Managing Partner and CTO at Differential Ventures, is has witnessed firsthand the different applications of AI and machine learning since he began his career working on early data-driven approaches to natural language processing at IBM. Through this lens, Meir and David breakdown the state of automated mobility technology, the players involved, and the troves of data needed to make L5 a reality.

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Private AI Secures $3.15M Seed Financing Led by M12 and Forum Ventures

Private AI, a Toronto based developer of privacy-preserving machine learning and natural language processing tools, has secured $3.15 million in seed funding led by Microsoft’s venture fund M12 and Forum Ventures with participation of pre-seed investor Differential Ventures, new investors Shasta Ventures, Hyperplane Venture Capital, and Parliament Angels, a group of early Twilio employees.

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On the Record with Ryan Austin, CEO of Synapse

Ryan Austin is a serial entrepreneur who has spent over 10 years driving improvements in learning and development. In his current role as Founder & CEO at Synapse, Ryan is focused on developing innovative products to help learning teams increase productivity and automate operational processes to create impactful training at scale.

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Cyolo raises $21M for zero trust networking tech

Cyolo, a startup developing a platform that enables users to securely access their organization’s apps, servers, desktops, and files, today announced that it raised $21 million in series A funding led by Glilot Capital Partners, with a strategic investment from National Grid Partners and Merlin Cyber and support from existing backers Flint Capital, Global Founders Capital, and Differential Ventures. Cyolo says the funds will be used to accelerate growth and R&D efforts, as well as help new customers navigate the transition to zero trust networking.

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David Magerman: Growing Up on the “Wrong Side of the Tracks”

{EVCA} David has one of those life stories straight out of the movies. He grew up in the 1970's "on the wrong side of the tracks," out in the boondocks of South Miami, where tomato fields covered the earth and the quality of the public school systems verged the line of contemptibility. With a love and talent for computers, he used education as the means to escape what could have been a foregone destiny in the Floridan backwaters.

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Quality of Revenue 'Layer Cake'

We are rapidly approaching the mid-year point which, for many CEOs and CROs, means it is time to take a hard look at what it is going to take to double, triple, or 10x your business during 2022. For many startups that are scaling for the first time, this is a good opportunity to get very familiar with the concept of ‘quality of revenue.’ Understanding revenue from the ground up will help you make more informed strategic decisions across all functional departments and adapt more quickly to changes in your business. Enter the concept of the ‘Revenue Layer Cake.’

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Agnostiq Secures $2.5 Million CAD to Accelerate Development of Quantum Computing Software

Toronto-based software startup Agnostiq has raised a $2.4 million CAD ($2 million USD) seed round to bolster its quantum computing platform. The round, which closed in December, was led by New York’s Differential Ventures, and saw participation from Scout Ventures, Tensility Venture Partners, Boost VC, and Green Egg Ventures.

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Update from our COVID-19 Grant Recipients!

Almost exactly one year ago, we announced the first recipients of our COVID-19 Grant—a program distributing funds in the amount of $10,000-25,000 to startups shifting gears to combat the pandemic. Additionally, DVP partnered with Techstars’ Unite to Fight COVID-19 initiative, allowing us to provide grants to 20 different companies across America. With so many advances over the past 12 months in technology, science, and medicine helping to slow the spread, we are excited to share with you updates from some of our grant winners.

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On the Record with Patricia Thaine, CEO at Private AI

Patricia Thaine is a Computer Science Ph.D. Candidate at the University of Toronto and a Postgraduate Affiliate at the Vector Institute doing research on privacy-preserving natural language processing, with a focus on applied cryptography. Her research interests also include computational methods for lost language decipherment.
She is the Co-Founder and CEO of Private AI, a Toronto- and Berlin-based startup creating a suite of privacy tools that make it easy to comply with data protection regulations, mitigate cybersecurity threats, and maintain customer trust.

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Systemic Bias in Algorithms as well as Data

Facebook recently announced a new program called Casual Conversations, which offers an open source data set of over 40,000 unscripted videos from a diverse set of Facebook users. Facebook’s Causal Conversations data set is a huge step in helping AI researchers build unbiased, fair software systems to solve real-world problems that don’t disenfranchise large swaths of society. However, it isn’t enough. AI researchers and engineers need to go back to first principles, wipe the slate clean, and build new algorithms developed without the intuitions gleaned from the past decade of machine learning and AI research.

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On the Record with Sharon Zhang, CTO at Human AI Labs

Sharon is deeply passionate about humans and about technologies that evolve alongside us. After pursuing degrees in Biology and Electrical & Computer Engineering from MIT, she spent the past decade building AI and Natural Language Processing products that impact the lives of patients, employees, and everyday people - both at large companies (Nuance, LinkedIn) and start-ups (Human AI Labs is her 5th). She strives to build companies that move the world forward and practice the principles of Authentic AI. She is building personal AIs for individuals to augment human memory and creating an economy for individuals to access their own and others’ AIs.

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Not All Traction is Created Equal

If there is one phrase that VCs use when passing on an investment that frustrates founders the most it has to be, “you’re too early;” generally followed up with, “come back when you have more traction.” On more than one occasion I’ve seen founders run off and breathlessly land new users, pilots, and customers only to come back to the VC who sent them out to get traction to find out it’s not enough. Why?

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On the Record with Christina Qi, CEO of Databento

Christina Qi is the CEO of Databento, an on-demand data platform for asset managers and quants. She is also a Founding Partner of Domeyard LP, among the longest running HFT hedge funds in the world. Christina started Domeyard 8 years ago from her dorm room with $1000 in savings. Domeyard trades up to $7.1 billion USD per day. Her company’s story has been featured on the front page of Forbes and Nikkei, and quoted in the Wall Street Journal, Bloomberg, CNN, NBC, and the Financial Times. Christina is a contributor to the World Economic Forum’s research on AI in finance.

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Horizontal Machine Learning Platforms Need Flexibility and Monitoring

Horizontal ML platforms need to be flexible, configurable, and monitorable to be robust and to consistently add value over time. They need to allow data to be weighted flexibly, in user-controlled ways. They need to have data visualization tools to detect outliers and contributors to noise. And they need automated model parameters and data drift monitors to alert users to changes in the raw input to the models and/or to the nature of the computed and deployed models.

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32 Women Innovators Spearheading Tech in Canada

Rebecca McDougal, VP Client Success at Synapse, has been passionate about customer service and support since the day she entered the workforce. Today, she uses that enthusiasm to help Synapse clients automate and streamline their instructional design process ensuring they have the support they need to implement and leverage their solution!

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Databand Raises $14.5M Led by Accel for its Data Pipeline Observability Tools

DevOps continues to get a lot of attention as a wave of companies develop more sophisticated tools to help developers manage increasingly complex architectures and workloads. In the latest development, Databand — an AI-based observability platform for data pipelines, specifically to detect when something is going wrong with a datasource when an engineer is using a disparate set of data management tools — has closed a round of $14.5 million.

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Three Steps Before Launching a Channel Sales Strategy

When done properly, channel sales can be a very valuable asset for your company. It can afford you instant credibility with customers and leverage for your sales, implementation, and customer support teams with minimal increases to headcount. Just be sure you are acutely aware of the risks and over-prepare for the inevitable challenges that will arise.

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The only way to sell is to sell direct

Figuring out how to sell your product in the earliest days of a startup is one of the biggest challenges founders face. While it sounds appealing, the strategy to sell through partners and relying on product-led sales at the Seed stage of a company always make me highly uncomfortable. Increasingly it seems many founders casually toss around the statement “we are going to take a bottoms-up strategy, like Slack, to bring our product to market” or “we have a partnership with [insert giant tech/consulting firm] that is going to sell our product to their [insert absurd number of customers].” This is fine as a vision but, in the beginning, the only way to get your product into the hands of customers is through founder sales.

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Invest in Quantum Computing Research NOW!

The following dichotomy complicates the decision on whether or not to invest in quantum computing: quantum computing will revolutionize the landscape of high-powered computing in every industry that depends on number-crunching; quantum computing hardware is years away from being broadly available and affordable. Quantum computers are inevitable, and their game-changing nature makes it imperative that businesses invest in developing in-house expertise. When quantum computers become as ubiquitous as classical computers* are today, any company that doesn’t have a grasp on how quantum computing will revolutionize their industry’s use of software will be left in the dust by those that do.

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Knockri Raises $3m to Reduce Hiring Bias, Improve Diversity and Help Hire Exceptional Talent

Knockri, a leading developer of artificial intelligence video-based soft-skill assessment and talent mobility solutions, today announced it has closed an oversubscribed seed round of $3 Million led by Differential Ventures with participation from Grand Ventures, MaRS IAF, BDMI – Bertelsmann Digital Media Investments, Amplify Capital and others to transform talent acquisition and increase diverse hiring.

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How to Create Good Research-driven Software Products

Good research requires well-tested software that validates the accuracy of the research results. Good products require a much higher level of testing, that not only ensures the accuracy of software, but also ensures maximum uptime, eliminates failures, maintains efficiency and performance, and protects customers from experiencing any negative impact from software changes

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Nick Adams on ThriveLoud’s Podcast “Thrive in Business”

Nick Adams is a co-founder and managing partner of Differential Ventures and an investor on ZeeTV's startup fundraising show 'Break Through the Crowd.'

Previously, Nick was a Venture Partner at Supernode.vc, f.k.a. Flatiron Investors, in New York City where he evaluated seed- stage SaaS companies and led the due diligence for multiple investments. Before moving into Venture Capital, Nick held senior sales, marketing and product management roles for software companies that have realized over $1.3 billion in exit value, including: Opower (IPO), RAGE Frameworks (acquired by Genpact), Basware (Publicly-traded on OMX), and Comverge (acquired by Itron).

He mentors startups, helps with non-profit ventures and is a former baseball player who always keeps his eye on the ball. Listen in as Nick connects with Lou Diamond on Thrive LOUD

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Extending Your Runway - Why? And What Can We Learn from the 2008 Financial Crisis?

Since the outbreak of Covid-19 shuttered the US economy in March the investor community has been spewing advice to startups at a rapid pace. One of the refrains sung most frequently is ‘cut your burn rate to extend runway as long as possible.’ While this advice certainly seems to have merit, we set out to evaluate the available data from 2008 to better understand why.

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'Leadership Series' Part 3 - ZOOM Fatigue is Real

'Leadership Series' Part 3 - ZOOM Fatigue is Real

Like many of us, I have been spending weeks on end in my home office in front of my computer screen. And at the end of each week, I have been bleary eyed and utterly exhausted. Wanting to better understand why I was so tired, I logged onto my Zoom account to see how much time I had spent ‘connecting’ to clients and colleagues during the week. Whether conducting group sessions, working one-on-one, facilitating a large group presentation or participating in a virtual happy hour, I spent over 45 HOURS IN ZOOM MEETINGS in one week alone. I’m ‘ZOOMED OUT’.

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Why We Are Giving Away $500,000 to Data Science Startups

In response to the COVID-19 pandemic, Differential Ventures decided to give away up to $500,000 in $25,000 grants to early-stage data science-oriented startups pivoting to adapt their technology to help cure the disease or help society recover from it. One of the most common questions we received was: Why? The answer has to do with our understanding of the value of data science, the nature of early-stage investing, and the desire to help lead our industry, early-stage investing, through this crisis intact.

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What do you want to be post-COVID-19?

The COVID-19 health and economic crisis is in Month Two for most of North America and if one thing remains certain it’s that everything remains quite uncertain. Hopefully, by now you have gone through a couple of iterations of scenario planning for your business and have identified various approaches to keeping the lights on. The next question to ask yourself each morning, after ‘how do we keep the lights on?,’ should be ‘what do I want my company to be after we get through this crisis?’

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Announcing First Batch of COVID-19 Grant Awards!

On March 29th, our team announced a $500,000 pool of funds to be awarded in $10,000 - $25,000 grants to startups that are using data science, machine learning, and artificial intelligence to find solutions for the myriad challenges created by COVID-19. Today we are thrilled to announce the second batch of awards to seven companies that have taken a leadership role in this fight.

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Valuations and Deal Sizes: What to expect in a down market

Similar to the recent years leading up to the sudden outbreak of COVID-19, VC investment increased rapidly from the Dotcom crash of the early 2000’s to the GFC. Between 2003 to 2008, total VC investment increased from $8.3 billion to $21 billion only to be cut in half to $10.3 billion just two years later. As you can see in the chart below, VC investment came roaring back hitting 2x its pre-GFC peak and 4x the trough by 2018.

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Techstars & Differential Ventures: Unite to Fight Covid-19

Just about a week ago we announced that over 50 countries are coming together to support inventors, innovators, developers and anyone with a passion to tackle COVID-19 in their country. Today, we are proud to announce that our commitment to those innovators will live beyond Startup Weekend. The top teams will go on to receive training and financial support.

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'Leadership Series' Part 2 - Conceiving The Inconceivable: Managing in a Crisis

I have spent most of my career running trading, capital markets, and investment businesses. I was a trader during the Asian Financial Crisis, Russian Financial Crisis, the Dot-Com blow up, ran a credit derivative business during the Financial Crisis, and am currently a director of a public company that is managing through the current COVID crisis. So I have learned much from managing risk during turbulent times (having paid a reasonable tuition to acquire such knowledge!). Rather than relay personal anecdotes, I thought I’d summarize some key takeaways.

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'Leadership Series' with Jeremy Kirsch, former CRO of Opower

It was late September 2001, just after the 9/11 attacks which I had witnessed from the Naval Explosive Ordnance Disposal Unit in Newport Rhode Island where I was on reserve duty. As the Executive Officer of the associated Navy Reserve Dive Unit, I had spent that infamous day trying to figure out how to get my unit to New York City to assist. But today, three weeks later, I was back on campus at my alma mater, Stanford, for my 5-year college reunion. It was not only post-9/11, but it was post the Dotcom crash. What was particularly memorable about the reunion is that most of us were not working.

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COVID-19 Grant Program

Some of the most impactful relationships are formed between entrepreneurs who can help one another avoid missteps and identify blindspots without the pressures associated with investor relationship or personal ties. For this reason, we have partnered with fellow VCs to launch the private network of startup founders called 'Off the Record’.

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Selling in a Downturn - Sometimes the Best Defense is a Good Offense

In case you haven’t noticed, the news hasn’t been particularly positive over the last couple of weeks. It is impossible to miss the barrage of demoralizing headlines: Cash is king. Layoffs. Fundraising is going to be hard. Budgets are on hold. These are all likely realities for the foreseeable future so, do manage costs tightly, as difficult as it may be. However, don’t give up on sales and growth just yet!

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Why It’s Hard to Invest in Cybersecurity

So, why is investing in cybersecurity any harder than, say, investing in machine learning technology or data engineering technology? I would boil the answer down to three core reasons: cybersecurity is adversarial in nature; the founders are necessarily opaque about their solutions, and the solutions tend to be inefficiently siloed.

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From ELIZA to Alexa: Misunderstanding the Limits of AI

Between ELIZA and Alexa, there have been countless attempts at passing the Turing Test. Today, AI is promising to produce an unsupervised human-level performance on a variety of tasks: self-driving cars, intelligent digital assistants, automated customer service representatives, and more. But one thing they promise which I am sure they will never achieve is something that AI is incapable of doing: understanding.

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Startup Financial Projections: Rocket ship or Snake pit?

Fundraising woes can probably fill several therapy sessions so, for today, I am going to focus on one, particularly nuanced, challenge. We often hear that one of the most agonizing tasks for founders who are looking to raise angel, pre-seed and seed capital is how to present financials in your fundraising presentation when most of the numbers are just that: projections.

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Model Monitoring Part 3: Detecting Drift in Model Structure, Model Coefficients, and Real-World Data

Data-driven models are highly dependent on the quality of the training data, as well as on the consistency of the data given to them in deployment. If the training data or the real-world test data changes in some material way, data scientists need to have the tools to detect those changes as soon as they might begin impacting the performance of those applications, or even before.

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Model Monitoring Part 2: Model Explainability for Consumers and Users of Data-Driven Models

If companies are depending on data-driven systems for mission-critical components of their business, or if those systems are critical for the profitability of the company, managers will be far more comfortable predicting future behavior if they understand, or can explain, what information is driving the systems and contributing the most to their behavior.

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Off The Record - Going Public

Some of the most impactful relationships are formed between entrepreneurs who can help one another avoid missteps and identify blindspots without the pressures associated with investor relationship or personal ties. For this reason, we have partnered with fellow VCs to launch the private network of startup founders called 'Off the Record’.

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Ocrolus Raises $4 million Series A

Ocrolus, the emerging leader in analyzing financial documents, today at the LendIt Fintech USA Conference, announced a $4 million Series A investment led by Bullpen Capital with participation from QED Investors, Laconia Capital Group, ValueStream Ventures, and RiverPark Ventures.

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Ocrolus Presents Underwriting Automation Solution at FinovateFall 2018

Ocrolus is a RegTech Company that uses Artificial Intelligence to automate underwriting tasks with unprecedented accuracy and confidence. The technology parses financial documents, principally bank statements, with a combination of pattern recognition, crowdsourced data verification and fraud detection. With stunning efficiency, Ocrolus delivers standardized, actionable data that is inputted directly into credit models without the need for human intervention. Ocrolus is a unique solution for transparent analysis and rigorous documentation in credit decisioning.

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