What a beautiful and informative evening! Thanks to our fantastic host BNY Wealth (Mark Jamison, Christopher Brown, Bob Griffin)! Full of gratitude to our panelists David Gerster (Fusion Fund), Julie Levenson (La Honda Advisors), Sean Randolph (Bay Area Council Economic Institute), and Zsombor Vincze (Pruven Capital) as well as moderator extraordinaire Josephine Ha (BNY Wealth). And thank you, Tonya, for always sharing the best summaries of our events. #ACGSVEvents #ACGSV #Networking #CapitalOutlook #BNYWealth
AI Humanitarian Leading Strategy & Scale ?? Angel + LP Investor ?? Board Member ??? Bestselling AI Author ?? Podcast & Radio Show Host ??? Speaker & Startup Advisor ?? CHIEF
?? Viewing 2025 through the Lens of Bay Area’s Best ?? ? Incredible insights at the 7th Annual Association For Corporate Growth - ACG Silicon Valley Capital Markets meeting hosted last night by BNY Wealth on Sand Hill Road (thank you, Mark Jamison, TEP, CEPA and Bob Griffin!). The panel discussion on #AI, venture funding, and economic outlook was particularly timely.?? This annual review is always an excellent collection of speakers and insights, and this year was no exception.?Below are some of the key sharings from the discussion: ??? AI Funding Dominance ?? A staggering 46% of 2024's $209B venture funding went to AI companies, with 20% concentrated in just five companies (Databricks, OpenAI, xAI, Anthropic, and Waymo) ?? Energy & Infrastructure ?? Fascinating discussion on AI's energy demands and potential solutions, including small-scale nuclear and hydrogen power. The energy sector could produce 70-110x return on investment compared to 5-15x for renewables. Microsoft's reboot of a Three Mile Island reactor for data center power shows how serious this need is becoming. ?? Bay Area AI Leadership ?? 50% of leading AI companies are local to the Bay Area, with 9 out of 10 largest venture fundings last year supporting AI companies. San Francisco has more AI job postings than the next 13 US metro regions COMBINED! ?? Regional Impact ?? With OpenAI and Anthropic taking massive office spaces (500k+ sq ft) in San Francisco and another 80+ venture-funded AI companies seeking space in SF, the implications for our region are enormous. ?? Market Outlook ?? Signs are encouraging for 2025 IPO activity after 2024 successes like ServiceTitan and Reddit. The panel was optimistic about enterprise tech, AI, and data science sectors. Huge thanks to our brilliant panelists: David Gerster (Fusion Fund), Julie Levenson (La Honda Advisors), Sean Randolph (Bay Area Council Economic Institute), and Zsombor Vincze (Pruven Capital) for their candid insights… and also to Josephine Ha (BNY Wealth) who did one of the most well-prepared jobs I’ve seen from a moderator. One thing is clear: 2025 will be transformative. The concentration of talent, capital, and innovation in the Bay Area is unprecedented. As someone deeply embedded in this ecosystem, I've never been more excited about what's ahead. What are you seeing in your corner of the tech world? Let's connect and discuss! #acgsv #AIRevolution #VentureCapital #SiliconValley #Innovation #FutureOfTech #ACG2025 Artem Alekseev, Christopher Brown, Nadia M. Carey, Dmitri Conom, Melissa Nigh - Del Carlo, Stephen Dobrow, Shandy Dunn, David Elkins, Shawn Flynn, Kimberly Griffin, Emily Jones, Joerg Kemkes, Craig Lilly, Preethy Padmanabhan, LiLing Poh, Jan Robertson, Daphne Royse, Yvonne Schwab, Ashley Tarver, Stephen Wares ??? Quantum Crow Advisory ???