This week on Turpentine VC, Erik Torenberg is joined by Arif Janmohamed, partner at Lightspeed Ventures to dive into the world of AI investment. They explore Lightspeed's evolution from a strong focus on enterprise early-stage investing to becoming a global multi-stage firm with a $7 billion capital reach. Arif shares insights on identifying market opportunities, their frameworks for investing in AI, and the future of cybersecurity.

—

🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/

—

SPONSORS:

💳 Imagine total control over your company's spending with Rippling Spend, the all-in-one platform for expense reports, corporate cards, and bill pay. Control spend, set custom approval chains, and close your books 3x faster. Visit https://www.rippling.com/turpentine for a free demo and one month free trial.

📑Discover Carta, the innovative end-to-end accounting platform revolutionizing private fund management with streamlined operations and on-demand insights. Experience the new standard at carta.com/investors.

💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist.

—

LINKS:

Lightspeed: https://lsvp.com/

—

TIMESTAMPS:

(00:00) Intro

(01:06) History and Evolution of Lightspeed Ventures

(03:16) Lightspeed's global and multi-sector approach

(06:12) AI investing at Lightspeed

(08:24) Foundation models and AI applications

(12:09) Sponsors: Rippling | Carta

(14:19) The future of AI and enterprise software

(18:25) AI in corporate travel

(19:00) AI agents in enterprise

(19:35) The future of work with AI

(21:19) Historical tech shifts and AI

(21:42) Sponsor: Squad

(22:48) Market timing and investment

(23:19) AI's impact on business models

(27:36) Cybersecurity in the AI era

(32:09) Global entrepreneurship

(33:13) Wrap