Founder-in-Residence (CapSure)

AI is the new electricity: Just as electricity transformed numerous industries starting 100 years ago, AI is now poised to do the same. AI Fund is an early stage venture firm founded by Dr. Andrew Ng in 2017. Our portfolio companies utilize AI technology and applications to improve processes and efficiency. The AI Fund team combines their experiences as AI pioneers, entrepreneurs, venture capitalists, investors, and operators. We are backed by a $176 million-dollar fund from top-tier VC firms.

Together, let’s build great companies that will move humanity forward.

We’ve been there.  We’ve founded and scaled successful companies ourselves, and we know that creating meaningful startups is really hard.  Many entrepreneurs toil with ideas for years.  Many spend time building something without the foresight of limiting factors that could have been easily dismissed upfront.  Accomplished execs often teeter between a desire to start a company and creating something great versus taking a job that is less fulfilling.  If only someone could help with taking the risk out of turning an idea into reality and accelerate the company building process, more people would be inspired to start a company.

Coming up with great ideas, sussing them out, assembling great teams, and helping raise capital is what we do.  We shorten a process that can take years down to months.  We make sure you are going after the right market, are fully validated, and are surrounded by great teammates.  Lastly, we make sure you see the world through the lens of a data scientist and machine learning expert, which is the perspective any meaningful company in the future must have.  But we also know that the process is not about us.  It’s about great Founders and empowering them to do great things.

We are looking for passionate entrepreneurs with first-hand knowledge of the problem they have encountered or entrepreneurs that might match to a problem or idea we already have.  It’s not a mandate, but ideally, we want people with experience solving business problems and have a keen eye for anticipating business risks.  You may have been a product manager running a product or product line before.  You may have been an engineer who has been on the front lines of helping shape a company.  You may have been a management consultant who has experience in a particular vertical.  Or perhaps you are a proven entrepreneur who recognizes that the difference between success and failure is razor-thin, and you want every advantage you can get.Lastly, we want people who are leaders.  We desire people who can hire great people, get others excited about their vision, raise capital, and make it all happen.

This new company will be launched in partnership with The AES Corporation (NYSE: AES), a Fortune 500 global energy company accelerating the future of energy. Together with their many stakeholders, they are improving lives by delivering the greener, smarter energy solutions the world needs. Their diverse workforce is committed to continuous innovation and operational excellence, while partnering with their customers on their strategic energy transitions and continuing to meet their energy needs today.

AI Fund and AES are together launching a platform to efficiently manage the complex requirements for the tax credits introduced by the Inflation Reduction Act. The company will start with AI solutions to efficiently manage the Prevailing Wage and Apprenticeship requirements, which make billions of dollars of tax credits available to zero-carbon development projects. 

The vision is to create the Carta for Tax Equity – a centralized and standardized platform for companies, investors, and auditors to collaborate on the complex requirements for the growing tax equity market.