What’s the Bet: TRAC VC
TRAC VC has built a five‑year proprietary data platform that lets algorithms, not humans, decide which startups to fund. Using scores like Investor Group Quality and SuperTRACer, its first two funds posted top‑decile performance, with Fund I achieving a 76% follow‑on (graduation) rate and Fund II cutting loss rates to 5% while projecting a 20% unicorn likelihood. The firm writes $250K‑$3M checks without leading rounds, relying on a custom intelligence dashboard to persuade founders. Despite strong metrics, TRAC faces a branding hurdle that makes securing founder meetings difficult.
The Middle Gets Eaten
Snap announced a layoff of 1,000 engineers, about 16% of its staff, and disclosed that 65% of its new code is now AI‑generated. A week later Google’s CEO Sundar Pichai said 75% of new code at Google is AI‑generated, targeting...
What’s the Bet: Pangram
Pangram is launching a Chrome extension that automatically tags AI‑generated text across major sites, charging users $20 a month for the service. The tool boasts a 0.01% false‑positive rate, far better than the industry norm of 1‑5%, using a classifier...