Investments in AI are making headlines today, but the members of the 2024 Midas Seed List had the foresight to start writing checks much earlier.
Below, we highlight those trendsetters – some of whom made recent bets that have yet to pay off and some who backed companies more than a decade ago and are seeing that early promise deliver returns.Pejman Nozad has taken one of the top two spots every year since the Midas Seed List launched in 2022, so it is no surprise that he continues to set the tone for what’s happening in the early-stage venture market.
Last year, Pear announced the close of its oversubscribed $432 million fund – one of the largest seed funds raised in recent years – and indicated that much of this capital could be invested in pre-seed and seed rounds with a focus on AI. If the past is any indicator, we expect Nozad to retain his spot on the Seed List and status as a trendsetter for years to come.
With Patel serving as co-lead of Homebrew’s seed- and early-stage investments, his team led Slang.ai’s $20 million Series A in June of 2023. The company, founded by former data scientists from Spotify, provides restaurants and retailers with generative AI-powered products that enhance a storefront’s ability to answer queries by phone, helping to answer common questions about hours, location and menu items or to take reservations.Larry Li is founder and managing partner at Amino Capital.
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