BlackWood’s Post

How do VCs approach technology themselves? At VESTBERRY's Venture Intelligence Day 2024, our CEO Bastian R. Larsen shared some candid thoughts on how venture capital firms, including BlackWood, are leveraging technology and the challenges we face in truly understanding what drives success. As Bastian R. Larsen mentioned: “Even for those of us who’ve spent years in the field, it may take a decade or more before we truly understand what the ‘secret sauce’ is (...)” This points to the core issue—why are VCs like Atomico investing so heavily in tech teams and data models? The goal is simple: to drive better returns. But the road to understanding how to use AI, data, and minimizing cognitive biases effectively in VC decision-making is still being paved. We’re fortunate to be collaborating with thought leaders and institutions across the board—last year, we interviewed Sam Altman, who is unsurprisingly a strong advocate for AI. We’re also launching a podcast featuring a co-founder of Skype, who has a different perspective—one that’s notably more skeptical about AI’s future. Ultimately, we’re committed to connecting these perspectives and collaborating with research institutions to refine the tools and models that guide our investments, aiming for a fairer and more prosperous tomorrow.

manifique performance…! it's hard to predict..especially about the future🤔

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