Elik Jaeger

Light AI (ALGO:CBOE) has begun trading, presenting a promising future as it positions itself as a leader in AI-based healthcare technology. $30M CAD invested since 2016, the company’s proprietary algorithm boasts 97% accuracy in diagnosing viral or bacterial throat infections, addressing a global healthcare challenge: antibiotic resistance. The leadership team includes AI veteran CEO Peter Whitehead and prominent advisors like the former CIO of Johnson & Johnson, Tom Scarnecchia, and Emmanuel Blin, a healthcare distribution innovator in low-to-middle-income countries (LMICs). Light AI's disruptive technology aims to modernize diagnostics in LMICs, reducing the misuse of antibiotics. With a total of $26.5M CAD raised in private and RTO rounds and a marketing budget of over $3.5M, the company is poised to capitalize on the booming AI sector, which has seen peers like Healwell and Verses achieve significant valuation growth. Light AI's innovative approach and strategic capital deployment position it for strong market traction in the coming months. I am a shareholder.

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If you want to see the power follow the money. Dragoneer Investment Group Dragoneer Investment Group, founded in 2012 by Marc Stad, is a San Francisco-based investment firm specializing in technology investments globally across public and private markets. As of 2024, the firm manages approximately $22.6 billion in assets under management (AUM) and employs 83 professionals. Dragoneer's investment strategy focuses on growth-oriented opportunities, partnering with companies with strong potential for expansion and market leadership. The firm's portfolio includes notable investments in Airbnb, Alibaba Group, Atlassian, DoorDash, and Roblox. In the public markets, Dragoneer manages long-only strategy funds that invest in technology companies. For private markets, the firm manages private growth equity funds that provide funding to private technology companies. Dragoneer often employs innovative fundraising methods, such as secondary stock sales or convertible debt notes, to support its investment activities. As of June 30, 2024, Dragoneer's top holdings included Global-E Online Ltd., Atlassian Corporation, Roblox Corporation, Coupang Inc., and PDD Holdings Inc. These investments reflect the firm's focus on high-growth technology companies with significant market potential. By following Dragoneer's investment activities, one can gain insights into emerging trends and influential players within the technology sector, highlighting the firm's role in shaping the industry's landscape.

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Often taken for granted, this subject carries so much weight. especially in times when startup culture world over is on the run. if the fund seeker knows the requirement and chemistry of the fund provider, they may chose the right time and path. so simply explained below.

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Excellent analysis by CB Insights. Excellent-er summary by Panagiotis Kriaris. So much potential. So many opportunities. So little time. Gen AI, can you please clone me? I want to be in so many places at the same time this AI decade. 😎 #AIDecade #InvestorDecade

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🚀 **Top 10 Technology Trends to Watch in 2025 and Beyond** 🌐  As we step into 2025, groundbreaking technologies like **generative AI**, **quantum computing**, and **advanced robotics** 🤖 are revolutionizing industries worldwide. This in-depth report from StartUs Insights dives into key trends such as **AI & automation** 🤝, **advanced connectivity** 📡, and **Digital Identity solutions** 🔒, exploring their transformative impact across **40+ industries**.  💡 What’s Inside:   - 📊 Financial forecasts   - 🛠️ Practical applications   - 🌟 Innovative startups  Stay ahead of the curve, make smarter decisions, and secure your competitive edge in a rapidly evolving tech landscape 📈 👉 You can also explore our #DigitalID & #DigitalWallets solutions via https://www.rockdoc.ai/ #Investors #BusinessAngels #VentureCapital #LPs #GPs #Innovation #DigitalTransformation #Digitalization #InnovaticGroup #DigitalIdentity #DigitalWallet #AccessControl #Authorization #Authentication #DigitalUserJourney #egovernment #GenAI InnovaticGroup. Create the Future Now innovaticgroup.com

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⚡ Kicking off 🌎 Earth Day with exciting news as we unveil 8090 Industries' latest investment in Exowatt led by Hannan P. along with Sam Altman Andreessen Horowitz, Atomic, Overmatch Ventures, Protagonist, and many more. As the boom in AI heightens the energy demand for data centers, Exowatt is pioneering a fundamental breakthrough in baseload renewable energy that helps makes $0.01 per kilowatt-hour, 24 hours a day a reality for commercial and industrial use cases. 🏗 How does it work? The Exowatt P3, represents a breakthrough 3-in-1 modular system, a heat collector, a heat battery, and a heat engine capable of providing dispatchable power and heat 24 hours a day. Unlike traditional solar panels that convert sunlight into electricity directly, Exowatt uses a unique approach by storing solar energy in a thermal battery, which can retain this energy for up to 24 hours per day. The Exowatt P3 modules are designed to fit the space of a standard 40-foot shipping container. They can be deployed on small and large commercial and industrial projects, linearly scaling with workload size and infrastructure requirements. Best captured by Founder and CEO Hannan P. himself, an industrialist you're going to want to pay close attention to: “You don’t have to go back to fossil fuels to solve the data-center energy problem…That’s counterproductive and unlike traditional renewable solutions that require significant upfront costs and extended setup times, Exowatt's modular system can be deployed rapidly and cost-effectively – and it's available THIS YEAR. Exowatt is built to respond quickly to the escalating energy demands of the modern world, especially those spurred by the rapid growth of AI." 👀 Who Cares? Exowatt has a backlog of demand for OVER 500 megawatts for data centers across the U.S. and plans to begin deployments later this year. With this $20 million seed funding, Exowatt intends to expand its team and deploy the Exowatt P3 with its first set of data center customers. Stay tuned! Lots to come! cc Kerem Ozmen Wes Mendenhall Filip Vurdelja Haluk Sabanci Dincer Grant Brown Ishan Meswani Garuth A. Andrew Irwin Charles Oppenheimer Fatimah Bello #energyabundance #decarbonization #climatetech

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Another great #investcanada2024 conference last week. Congrats Canadian Venture Capital & Private Equity Association (CVCA) again and fantastic collaboration with Réseau Capital for curating + delivering such an important ecosystem event that brings together the who’s who in Canadian investing. It’s an interesting macro environment for both founders and emerging VC funds in 2024. The bar for fundraising is higher and the process is more difficult, but it’s an amazing time to build and fund startups. Over the years I’ve been asked what’s made me a successful investor given the number of exits & investor returns delivered. Beyond it being a full-time obsession for decades, one needs to constantly find ways to evolve to founder needs and deliver differentiated value. Earning the right to back and support the best founders is what delivers outsized investor returns. This is easy to say for many investors, but often many fall flat on the everyday execution for different controllable reasons. Reputations are built & lost fast in a more challenging market. Highline Beta's pre-seed VC & venture studio model continues to not only innovate, but also win predominantly because our core investment value is to always “earn the right on the cap table” with the founders that we support. It’s a complete team effort and after 8 years of building out Highline Beta’s foundation let’s us now grow via new vertical venture studios + funds. 🚀

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It has come to my attention that two individuals I briefly worked with are falsely claiming to be past advisors at incubators like DMZ and ventureLAB. This behaviour is opportunistic, misleading, unethical, and potentially illegal. Advisors, remember: meeting with a startup founder at an incubator does not make you an official advisor. DMZ, ventureLAB, and other incubators should implement protocols and directories for past and present advisors to prevent such claims. Protecting vulnerable startups from phishing is crucial, and this issue is more common than you might think. Entrepreneurs, please take this seriously; trust but verify! Please share this with those who you care for. You will save them from a lot of trouble. Plug and Play Tech Center Techstars NORCAT NEXT Canada DMZ ventureLAB Creative Destruction Lab Next AI Founder Institute Y Combinator Google Launchpad Centech Mtl, Ontario Centre of Innovation, MaRS Discovery District. #StartupAdvice #Entrepreneurship #Incubators #EthicsInBusiness #AdvisorProtocols #PreventPhishing #StartupProtection #DMZ #ventureLAB #TechCommunity #TrustButVerify #ProtectStartups #EntrepreneurAwareness

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Are you a B2B software startup founder at the very start? Then you have to meet this early-stage investor! This week's findfunding.vc spotlight is on Dominic Lau from Ripple Ventures. He: 🇨🇦 Is Vancouver and Toronto based 🎣 Loves to fish 🎶 Founded the RippleX Fellowship - a platform to help underrepresented founders access mentorship, intros, and the tools to get from idea to revenue to funding Amongst founders, Dominic and his team at Ripple Ventures, including Matt Cohen, are known for being hands-on partners who open valuable networks, navigate challenges together, and assist in closing crucial revenue and funding deals. Make sure to: ✉️ Pitch him at dom@rippleventures.com 👀 Look into the RippleX Fellowship - they take 10 companies 2x a year through the Founder Fellowship program and also back companies through the Fellow Fund For more, check out our funder spotlight card below along with Ripple Ventures' profile on findfunding.vc (link in comments).

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Entrepreneur, What Is Your Story?🤷‍♂️🤔 "The Company’s Story Is The Company’s Strategy. The Story Must Explain Why You Exist". - Ben Horowitz Benjamin Abraham Horowitz is an American businessman, investor, blogger, and author. He is a technology entrepreneur and co-founder of the venture capital firm Andreessen Horowitz along with Marc Andreessen. On July 6, 2009, Horowitz and Andreessen launched Andreessen Horowitz, to invest in and advise both early-stage startups and more established growth companies in high technology. As of April 2023, Andreessen Horowitz ranks first on the list of venture capital firms by assets under management, with $42 billion as of May 2024. Ben Horowitz's net worth is estimated to be approximately $3.5 billion. #strategy #storytelling #venturecapital

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🌍 Bold talk from the boardroom. Now, time for the capital flow. 🌍 Congratulations to the CEOs who just signed the World Economic Forum’s Alliance of CEO Climate Leaders letter to #COP29, calling for urgent action on #climatechange. You’re not just talking the talk; you’re helping lay out what’s needed to secure a sustainable future. 📝👏 But words on paper only take us so far. Real impact? That takes dollars—lots of them—flowing into #climatetech, #renewable #infrastructure, and #sustainable #innovation. I know some of you are investing, but if you’re reading this and holding the purse strings, now is the time to truly "unleash the capital" and invest in solutions that can deliver real #gigaton-scale impact. Climate tech is ready. The innovators are waiting. Let’s make these commitments count. 💥 #COP29 #ClimateAction #ClimateTech #SustainableInvestment #ClimateLeaders #gigacorn #gigacornhunter #decarbonization

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First Amazon buys a datacenter powered by nuclear energy, then Microsoft buys #ThreeMileIsland, and now Alphabet Inc.'s Google strikes an agreement to buy up to seven #SMR's...is #nuclear the future #energy supply that will power #AI and #Cloud storage? #decarbonization #gigacorn #thegigacornhunter Climate Innovation Capital

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If you are a #Canadian #startup frustrated by the lack of #investment opportunities and wondering if #SiliconValley is worth the trip ... I wanted to share a few notable comments from #startups that recently participated in our CELS - Canadian Entrepreneurs in Life Science Showcase. To the companies that participated, I won't drop the F bomb and risk being banned from LinkedIn 😆 but feel free to chime in and share, in your own words, why you think your peers need to take a leap ✈️ and visit #SiliconValley. It's really close to 🇨🇦 but in so many ways, a 🌏 apart. ✍️ "A lot of the people we met with will be relevant in the future. CELS made the introduction. We now have to build the relationship." 💰 "Everyone we met with had a friend or a contact that is relevant to us, even if they were not in our space, so basically everyone we met with was relevant!!" 🚀 "The biggest take away was the different mentality. Risk taking is seen positively here! Innovation is seen as a value driver. Investors want to see the BIG idea!" 🎙 "The Showcase format allowed us to have meaningful conversations. There was lots of time for real networking. Everyone asked, 'what is your ask?'. That was so refreshing!" ⏰ "It's just more sophisticated here. Time to market is faster in the US. We didn't have to spend our time explaining the tech and it felt like conversations got progressively better". So the next opportunity to leverage Connection Silicon Valley to build your network here is May 14th to 16th - open to #FemaleFounders. Don't let fear stop you. If you are looking for global capital, #SiliconValley is where you need to be to build the right connections. Register here - https://bit.ly/48SDuzF Or DM me to chat!

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Spent a wonderful week in Canada with family! Now back to business.. Here's your weekly AI update: 🔙 𝐓𝐡𝐞 𝐁𝐚𝐜𝐤𝐰𝐚𝐫𝐝 𝐏𝐚𝐬𝐬: 𝐑𝐞𝐯𝐞𝐫𝐬𝐢𝐧𝐠 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐭𝐡𝐞 𝐀𝐈 𝐖𝐞𝐞𝐤 Week 51 | August 5 - August 11 The OpenAI Brain Drain Industry: 🚨OpenAI co-founder John Schulman leaves for Anthropic; President Greg Brockman is taking extended leave through the end of year. What's interesting is that three of their most technical co-founders (Ilya Sutskever, John Schulman, Andrej Karpathy) have all left the company now. This then begs the question - is this a result of natural silicon-valley attrition, or is there something deeper going on here? And moreover, how will this impact the technical moat that OpenAI has built over the years? (https://lnkd.in/gztRKhwV) 🚨Google announced that new Gemini AI-powered features will be incorporated in a variety of home devices, such as Google Home and Nest (https://lnkd.in/gV2QacAQ?). It also announced a significant reduction in token cost of Gemini 1.5 Flash (https://lnkd.in/gbNe6yNU?) 🚨Figure releases Figure 02, it's newest humanoid robot. Figure has been actively testing robots with BMW at a manufacturing plant. Figure last raised $675M Series B in February 2024, valuing the company at $2.6 billion. (https://lnkd.in/gZnPSke4) 🚨Mark Zuckerberg said on Meta's Q2 earning call that to train Llama 4, the company will need 10x more compute than what was needed to train Llama 3. (https://lnkd.in/g5pEPrTw?) 🚨Elon Musk filed a lawsuit against Sam Altman and Greg Brockman, renewing claims that the company is betraying its founding aims of benefiting the public good rather than pursuing profits. (https://lnkd.in/gAk5grU6) Financing and M&A: 🚨Groq raises $640m in Series D at a $2.8B valuation. The round was led by Blackrock Private Equity Partners with participation from other investors such as Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund. (https://lnkd.in/gRtKQKvW?) 🚨Hugging Face acquires Seattle data storage startup Xethub. The HF team plans to integrate Xethub's backend storage technology, enabling developers to host more large models and datasets than currently possible. CEO Clem Delangue 🤗 confirmed this was the largest acquisition the company has made thus far. (https://lnkd.in/g8fJ-BjT) 🚨OpenAI is leading a $60m Series B funding round for Opal Camera, a maker of professional-grade webcams(https://lnkd.in/gMT9dkTG) 🚨ProRata.ai a company that has invented an attribution technology to properly compensate content owners, has raised a $25m Series A, led by Prime Movers Lab, Mayfield Fund and Revolution Ventures. (https://lnkd.in/gumjbWmj) R&D: 🚨Alibaba Group releases Qwen2-math, a SOTA model for math-specific tasks. (https://lnkd.in/g8Jh3M7T?) Other Interesting Resources: 🚨 Between May and August, more Humane AI Pins were returned than purchased (https://lnkd.in/gy56qpKm?). 😯

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My guest this week on Cleaning Up Podcast was my friend Azeem Azhar, the man behind Exponential View. If you don't know Exponential View, you should. It's a podcast, it's a substack, it's a world view that we all need to think about. Question: what happens when multiple exponential technologies collide: compute, communications, gene sequencing, solar, batteries, AI? Answer: it gets really interesting. So listen now and see what you think! https://lnkd.in/gqizH3vP

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Dilution is not neutral and shouldn't be viewed as such. It's either positive or negative, good or bad. In the world of VC-backed companies, dilution is such a normalized part of the journey that it is often passively accepted. This often leads to the negative form of dilution such as capital raised for: → inefficient sales and marketing spend → R&D supporting technology searching for a market → layers of unnecessary organizational overhead → supporting broken business models → vanity valuations → etc... However, dilution has a positive and accretive expression as well such as capital raised for: → scaling efficient go-to-market efforts → product and channel expansion with clear ROI → deleveraging and strengthening the balance sheet → accelerating market share gains for a sound business model → transformative investments (e.g. M&A, R&D, capex) → etc... Therefore, dilution should neither be passively accepted nor should it be categorically prohibited. It shouldn't be viewed as always positive or always negative because it can be either. The purpose and quality of the use of capital is what ultimately defines the merit of any dilution. For this reason, capital allocation is one of the most essential responsibilities and capabilities of a CEO. Effective capital allocation leads to dilution being positive. Ineffective capital allocation leads to dilution being negative. It's usually that linear.

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Entrepreneurship is booming, and it's not just for a select few anymore. In both Canada and the U.S., business ownership is becoming more accessible, with people starting companies driven by the desire for meaningful work. In fact, 93% of Canadian business owners in a 2024 poll cited purpose as their main reason for starting a business, even more than financial gain. As entrepreneurship grows, it’s opening new markets and opportunities for both countries, creating industries that benefit everyone involved. This shift shows how business ownership is evolving into something that's bigger than just profit. #Entrepreneurship #WorkTrends #BusinessGrowth

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I loved this conversation with Scott Duke from OpnRoad Mergers & Acquisitions and Josh Levine from Private Market Labs! Bottom line? Canadian search IS different than other geographical reasons. Some of the topics we covered: 💵 Bank financing - deal structure looks much different based on funding models. 🇨🇦 Approach - Be warm, friendly and polite. Canadian business is very community centric and showing up in this manner is key. 📖 Education - search is a newer idea in Canada. Take the time to ensure your owner conversations include the What and How and not just the Why of the acquisition. ☝ One thing that doesn't change no matter where you are searching? Personalization. Show the owners you know them and have taken the time to understand them and their business. #regenerativeleadership #canadiansmb #eta

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