WEBVTT

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Raj, welcome.

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There's so much hype around
tech at the moment.

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How do you, as an investor,
keep a level head?

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You know, there is definitely hype.

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I think a lot of the
hype is being driven by AI

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right now.

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What I would caution about AI

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is that, yes,
there is a lot of hype around AI,

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but this is a stage change in technology.

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We talk about a lot of iterative changes
for stage changes.

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The reason that AI is so fundamental
is because Generative

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AI, AIML,
this has been around for 40, 50 years.

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What's different now is that we're getting

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the closest we've gotten ever to computers
being able to program themselves.

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Now we're probably five
plus years away from that.

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But the power of what's happening
in Generative AI

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is truly transformative.

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And the area

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that we're really focused on at B Capital
is around the copilot technology.

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And what you're seeing is
that there used to be

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only a few programmers
who were kind of these 10x programmers

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who were really kind of just far head
and shoulders above anyone else.

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My co-founders and I, we're definitely not
10x programmers, but with AI

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technology,
we've gone back to coding and programing

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and it's so much easier than it ever was
before.

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More and more companies
will be able to build their own software

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applications,
and that's what's exciting today for us.

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How do you find the quality?

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What is it
that you're actually looking for?

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I think for us,
first and foremost, we invest in people.

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And so we back great founders.

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We want founders who are really committed
to what they're building.

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It's a perilous journey
to build a company,

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let alone to build a company
that leverages new types of technology.

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And we want founders who are willing
to crawl through broken glass to really

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achieve their mission and their visions
of transforming these industries.

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And so fundamentally, for us, number
one is people.

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And number two is we do look
for transformative technologies.

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And number three is timing,

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because so much of investing for us
is investing in technologies,

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which time has come.

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And we all know
from our past of what happens

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when you invest too early
and when you invest too late.

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So just getting that right timing
is really key for us.

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Tech has been on something
of a rollercoaster the past few years.

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I could probably say the past few decades.

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How do firms and VCs hold steady,

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I guess?

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I think you've got to have a long-term
commitment to the sector.

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You know, we invest in two areas
technology and health care.

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We're increasingly investing
in a third area climate technology,

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which we're really excited
to be doing more of.

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These are three spaces that we see
long term secular tailwinds, too.

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We think that digitization
is just getting started.

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We believe that the health care revolution
is still very much in its early stages.

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And in climate, we know we need trillions
of dollars to really achieve the

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bold goals
that have been set on climate change.

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So we have funds
that have a ten-year perspective.

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So we are looking for a return.

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But ultimately we want to back

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founders who are building transformative
technologies and founders

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who we believe have the ability to partner
with great companies.

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BCG clients have been

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a great area
for us to be able to connect the companies

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we invest in to large enterprises,
and it's a key part of what we do at

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B Capital. Raj, thank you so much. Thank you.