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joanne chen

T3 · host / generalist

50-year venture firm GP focusing on early-stage AI investing, founder selection, and organizational transformation via AI agents.

3 calls·1 name·100% bull·last heard last month·Bloomberg Tech
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1stmedium conviction
$CBRSCerebras

Foundation Capital incubated Cerebras early, now multibillion valuation

Cerebras was incubated at idea stage with ambitious founders predicting AI explosion, now achieving large outcomes validating early-stage AI investing.

Bloomberg Tech2026-08episode →

most discussed · click a bar to filter

  • $CBRS

recurring themes

  • Venture Capital2
3 total
$CBRS
···
Cerebras
MEDjoanne chen·Bloomberg Tech·last month·CoreWeave, Supermicro Lead Tech Stocks Higher on Results | Bloomberg Tech 8/12/2026
Foundation Capital incubated Cerebras early, now multibillion valuation
Cerebras was incubated at idea stage with ambitious founders predicting AI explosion, now achieving large outcomes validating early-stage AI investing.
"One of the examples is Cerebras which we incubated in our offices back in Menlo Park. At the time, they had just a few cofounders, an idea, and an ambition and a prediction that t…"
34:07
$CBRS
···
Cerebras
MEDjoanne chen·Bloomberg Tech·last month·CoreWeave, Supermicro Lead Tech Stocks Higher on Results | Bloomberg Tech 8/12/2026
Foundation Capital incubated Cerebras from idea to multibillion-dollar valuation
Foundation Capital incubated Cerebras at inception with just a few cofounders and an AI market thesis; the company has since raised hundreds of millions at a multibillion-dollar valuation, exemplifying the firm's early-stage AI investing approach.
"ONE OF THE EXAMPLES IS CEREBRAS WHICH WE INCUBATED IN OUR OFFICES BACK IN MENLO PARK. AT THE TIME, THEY HAD JUST A FEW COFOUNDERS, AN IDEA, AND IN AMBITION AND A PREDICTION THAT T…"
34:10
$CBRS
···
Cerebras
MEDjoanne chen·Bloomberg Tech·last month·CoreWeave, Supermicro Lead Tech Stocks Higher on Results | Bloomberg Tech 8/12/2026
Foundation Capital's Cerebras Incubation Validates Early AI Chip Bet
Foundation Capital incubated Cerebras at the idea stage with founders predicting the AI market explosion; the company has since raised hundreds of millions at a multibillion-dollar valuation, demonstrating the payoff of early conviction in AI hardware.
"ONE OF THE EXAMPLES IS CEREBRAS WHICH WE INCUBATED IN OUR OFFICES BACK IN MENLO PARK. AT THE TIME, THEY HAD JUST A FEW COFOUNDERS, AN IDEA, AND IN AMBITION AND A PREDICTION THAT T…"
34:07
7
Venture Capitalrisk
Early-stage AI investing discipline challenged by high entry valuations pre-traction
Foundation Capital sees dangerous trend of 'lab companies' raising hundreds of millions at multibillion valuations without commercial traction; discipline required as some will fail to raise follow-on capital.
6
Venture Capitalmixed
Early-stage AI valuations disconnect from commercial traction risk
Foundation Capital sees dangerous entry valuations for AI labs without commercial traction, but backs exceptional founders who can leverage AI to build faster with smaller teams, creating new use cases beyond automation.