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vanessa larco

T2 · manager / operator

Former GP at a large venture firm, launched Premise to invest in pre-seed/seed AI startups with a founder-first thesis, avoiding overpriced repeat-founder rounds.

1 call·1 name·100% bull·last heard 3 months ago·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
$PREMISEPremiseposition

New venture fund Premise targets pre-seed AI with founder-first thesis

Premise focuses on earliest-stage AI where valuations are still reasonable, betting on founder quality and market expansion probability rather than product, avoiding overpriced repeat-founder rounds that carry high acquihire risk.

Bloomberg Tech2026-07episode →

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  • $PREMISE

recurring themes

  • Venture Capital1
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$PREMISE
Premise
MEDvanessa larco·Bloomberg Tech·3 months ago·AI Chip Selloff Spreads Across Global Markets | Bloomberg Tech 7/07/2026· position
New venture fund Premise targets pre-seed AI with founder-first thesis
Premise focuses on earliest-stage AI where valuations are still reasonable, betting on founder quality and market expansion probability rather than product, avoiding overpriced repeat-founder rounds that carry high acquihire risk.
"WE BASICALLY SEE IT IN THREE BUCKETS. THE EARLIEST STAGES, YOU HAVE FOUNDERS WHO MAY BE DROPPED OUT OF SCHOOL, MAYBE THERE ARE 2, 3, FOUR YEARS OUT OF SCHOOL BUT HAVE A GREAT IDEA…"
35:59
7
Venture Capitalmixed
Pre-seed AI valuations bifurcate: reasonable for new founders, frothy for repeat teams
Early-stage AI investing splits into three buckets: reasonable pre-seed for new founders with traction, expensive middle for early traction, and eye-popping but risky valuations for repeat DeepMind-type teams where acquihire risk makes risk-reward unfavorable.