🌊 Founder & Managing Partner @ripple_ventures 🎙 Host of @TankTalkPodcast

Joined May 2012
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19 Apr 2023
Thanks for inviting me onto the @BNNBloomberg show today @JonErlichman to discuss everything happening in the venture capital markets these days and how Canada and our entrepreneurs are playing a vital role in creating the next great tech leaders!
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New Tank Talks: @AidanMadiganC of @EclipseVentures on the brutal truth about hardware and physical AI. Apple Watch lines. Samsara to IPO. Now investing at the intersection of atoms and bits. Why China can turn an idea into a product faster than anyone, and what the US and Canada must understand.
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Ottawa wants to pick winners in Canadian AI. New @TankTalkPodcast with @ruffoloj, the biggest week in AI capital markets yet: 🇨🇦 Canada's leaked national AI strategy a new Tech Growth Fund taking direct equity stakes in startups 💰 @AnthropicAI's $65B raise at a $900B pre-money and the IPO race vs @OpenAI and @SpaceX 🏗️ Alphabet raising $80B (incl. Berkshire) to fund AI infrastructure, despite massive free cash flow 🚨 Michael Burry vs NVIDIA's "fugazi" GPU financing: SPVs, off-balance-sheet debt, opaque credit risk Is this a new AI market cycle, or are the biggest players raising before the music stops? Watch & listen: [link]
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Awesome to join @TurnerNovak on @ThePeelPod 🙏
New @ThePeelPod live from Allocate's Beyond Summit I asked 15 investors to give me their spiciest take. Thanks to @numeral, @FlexSuperApp, and @Amplitude_HQ for sponsoring this episode! Timestamps 1:22 Seed investing is dead (@thistrippjones) 5:56 Seed is not dead (@BRosenblatt4) 13:19 Most consensus era of VC ever (@naywilliams) 18:02 Taking the Power Law Pill (@pratyushbuddiga) 29:15 The 2nd-time founder premium is dead (@mattybcohen) 32:46 AI will crush intelligence labor 42:25 New deep tech investors will lose their shirts (@sunilnagaraj) 46:39 ChatGPT for robotics is still 15 years away (@josungjoon) 52:07 The app layer ARR reckoning 58:30 The AI bubble will pop in Q2/Q3 (@amiasmg) 1:08:22 Most individuals invest in VC wrong (@jonoberheide) 1:15:25 Allocators have become too allocator-y (@federdan) 1:20:55 LP’s should value information, not just returns 1:24:09 Upcoming litigation of Russian doll SPVs (@ashercdkey) 1:30:13 Why retail needs private market access (@SPintoPeyronel)
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This was fun! 🎙️ Shooting @fnthawar and many other amazing @TankTalkPodcast episodes this week at the @TOtechweek #homecoming event - presented by @deel Subscribe to know when episodes drop soon - tanktalks.substack.com/
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Matt Cohen retweeted
This is going to be a good one! @mattybcohen @EliotPence @TankTalkPodcast
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The reported @SpaceX IPO valuation is ~2x the combined market cap of Canada's big six banks! ($1.75T vs US$840 billion)! Sit with that number for a second. It reframes how you should think about where capital is actually flowing, and what the next wave of trillion-dollar IPOs does to everything else competing for it. On this week's Tank Talks Rundown show, @ruffoloj and I dig into one of the most loaded weeks in tech: quantum funding gaps, SPACs back on the TSX, vertical SaaS that won't die, and the AI burn nobody's pricing in.
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@JasonrShuman drove Uber at night to fund himself while sourcing VC deals by day. One of those deals was @latchaccess Now he's a GP at @PrimaryVC , which scaled from $190M to $1.6B AUM without ever drifting from seed. In Episode 320 of Tank Talks, we get into: → Why most VC platform teams are built to fail, and how Primary's 60-person Impact team delivers customers and talent, not just capital → Why software-only moats are dead, and why he's betting on hardware-activated agent networks → Primary's incubation model: backing founders only after the wedge is validated → The lessons from winding down his footwear brand Category5, and how that founder's scar tissue shapes how he invests The throughline for any emerging manager: Differentiation isn't a tagline. It's an operating model you build deliberately and refuse to dilute as you scale. #venturecapital #seedinvesting
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Matt Cohen retweeted
Today, we’re excited to announce our $7.2M seed round alongside a strategic collaboration with @PacBio! At Blank Bio, we help pharma make more informed decisions in clinical trials by capturing the biology that makes each patient’s tumour unique. We do this by training RNA foundation models to learn the patterns that shape disease progression and how patients respond to treatment. In our collaboration with @PacBio, we will generate long-read, bulk RNA-sequencing data from patient tumour samples across multiple indications. This dataset will be used to further train and evaluate our models. Our models are currently focused on two main applications. First, we predict how a patient’s disease is likely to progress over time from their molecular profile. Through the FDA-recommended approach of covariate adjustment, these RNA prognostic scores can help clinical development teams design trials that reach statistical power with fewer patients. Second, we’re working to help pharma teams understand biological differences between patients so they can identify who is most likely to respond to a given therapy. We are thankful to @definevc, @LeonisCapital, Nova Threshold, @ripple_ventures, @SignalFire, @ycombinator, and other investors for being early supporters in our vision. This financing will support the continued development of our foundation models, expanded collaborations with pharma, and growing our patient-level datasets. Read the press release: blank.bio/seed-announcement Read the blog from the team: blank.bio/accelerate-clinica… Learn more about Blank Bio: blank.bio
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Hot take segment with @TurnerNovak on @ThePeelPod at @joinallocate Beyond Summit in Park City, UT. Short, opinionated, spicy. Stay tuned.
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🇨🇦 Bring it home 🇨🇦 New Tank Talks with @JonLoveKingSett, founder of @kingsettcapital , one of Canada's largest private equity real estate platforms. His thesis: Canada doesn't have a capital problem. It has a permission problem. 👇We dug into: The $25B Canada Strong sovereign wealth fund Tim Hodgson's Major Projects Office and the 5-10 shovel-ready projects promised by spring 2027 Why institutional capital is finally coming home to Canada And on real estate: Triple-A office is quietly the strongest asset class in the country For-sale residential is in pain, but a sharp recovery is coming Office-to-hotel conversions are just getting started The capital is here. The talent is here. The opportunities are here. What's missing is permission to build. Worth your time if you care about where Canada actually goes from here. (Links Below)
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New @TankTalkPodcast 🇨🇦 @ruffoloj and I break down Mark Carney's $25B Canada Strong Fund: serious sovereign wealth vehicle or political fund? Plus @cohere / @aleph, @XanaduAI, @SpaceX / @cursor_ai , @Meta layoffs, and @thomabravo's Medallia wipeout. Watch & Listen Now - rippleventures.com/tanktalks
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New @TankTalkPodcast 🇨🇦 @ruffoloj and I break down Mark Carney's $25B Canada Strong Fund: serious sovereign wealth vehicle or political fund? Plus @cohere / @aleph, @XanaduAI, @SpaceX / @cursor_ai , @Meta layoffs, and @thomabravo's Medallia wipeout. Watch & Listen Now - rippleventures.com/tanktalks
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New site, new era at @ripple_ventures This past quarter we backed founders across AI infra, AI for science, deep tech, and AI-native services. Full write-up fresh look: rippleventures.com
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The first LP I ever pitched asked how much cash I had in my bank account before he'd listen to the fund deck. He was testing one thing: would I play the long game. Full conversation with @avarma on Mantle Mondays 👇
Replying to @mattybcohen
@mattybcohen (@ripple_ventures) joins @avarma on this week's episode of Mantle Mondays to break down what's actually getting funded right now and what isn't. youtube.com/watch?v=bsupJIxy…
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Big day for our portco @urunml - officially out of stealth. The bottleneck in generative AI has moved from intelligence per token to tokens per second. uRun is building the inference cloud for the interactive era — video, avatars, and world models that hold session state and stay alive between turns. The team has done this before: @keeganmccallum3 scaled video inference to a million users in 4 days at Luma, Sean Kane co-authored Docker: Up & Running and built New Relic's container platform, and @mattkrzus spent years at AWS compiling models for Just Walk Out and Panorama. If you're a research team, game studio, or product team building real-time generative experiences, join the waitlist. Proud to be early.
Today, we come out of stealth. 👋 @urunml is the inference cloud for the interactive era. We wrote down why we're building it and what we believe. Manifesto→ blog.urun.sh Join the waitlist → urun.sh
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New @TankTalkPodcast with @ruffoloj. One of the busiest weeks Canadian tech has had in a while 👇 We get into: - Canada's proposed AI chatbot ban for under-16s - Exit tax on Canadians leaving for the U.S. - @cohere's rumoured merger with a German AI player - @invoker back as interim CEO at @hootsuite Policy, sovereign AI, talent flight, and a founder comeback. The real question is bigger than any one story: what kind of innovation economy does Canada actually want to be? Full episode below
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