SAN FRANCISCO (PRWEB) October 19, 2021
BootstrapLabs, a leading venture capital firm focused on Applied Artificial Intelligence (AI), announced today that it is launching its first Venture Studio focused on the Future of Work.
“On our journey to build out our investment platform in the Artificial Intelligence space, we uncovered a tangible model to find the valuable and unaddressed white spots on the map. As a serial entrepreneur I am particularly excited to launch our Venture Studio model that enables us to quickly validate, launch, and grow new companies to empower people to become super-workers and create a unique and proprietary deal flow for BootstrapLabs’ 3rd Applied AI Fund,” said Nicolai Wadstrom, Founder, CEO and General Partner of BootstrapLabs.
In 2015, BootstrapLabs was one of the first venture capital firms in Silicon Valley to focus its investment platform on the $30 trillion opportunity presented by Artificial Intelligence. Six year later, the firm has gathered a premier AI community and its portfolio companies have experienced tremendous success with over $725M raised from top growth capital venture firms such as Gradient Ventures, Breyer Capital, Accel, Bessemer, Kleiner Perkins, and many others, and 6 exits, including a multi-billion IPO in the last 12 months alone.
“BootstrapLabs invests early at the intersection of large industry verticals, nascent but irreversible trends, and AI technology innovation. The 2020 pandemic has forever changed the way we think about work and the pain points experienced by companies and workers are not only real, but massive. I could not think of better timing to launch our first Venture Studio focused on the Future of Work,” said Benjamin Levy, Co-Founder and General Partner of BootstrapLabs.
Today, unengaged and unproductive employees cost the US economy over $450B annually according to a Gallup study. The new Venture Studio for Future of Work is being led by Erik Starck, a serial entrepreneur and digital innovation expert with over 20 years of experience.
“The Future of Work presents a massive opportunity - everything that can be automated will be automated - and powered by AI. Empowering people to be more productive is a key differentiator for just about any business and we strongly believe that having purpose driven, engaged employees, augmented by AI, is the way to win in the 21st century. I am excited to embark on this journey with BootstrapLabs,” says Erik Starck, Head of BootstrapLabs Venture Studio for Future of Work.
BootstrapLabs is a leading venture capital firm based in Silicon Valley and investing exclusively in Applied Artificial Intelligence technologies that are disrupting multi-billion dollar verticals including the Future of Work, Mobility, Health, Finance, Cyber, and Energy & Climate.
Learn more at http://www.bootstraplabs.com