We back the BOLD at basecampand don't leave the rope

We published our manifesto when it was worth $61.5 billion. The manifesto is the artefact of that shift, the moment our thesis became our identity. By then we'd spent a year backing deeply technical builders, long enough to watch a bet turn inevitable. In May 2025 we time-capsuled all of it: our intent, our emotion, our read on where this wave goes. Then we doubled down on Frontier AI and developed a thesis that positions AI-native builders to shape the future of AI.

An AI fund has to stay ahead of AI, and nobody gets ahead from a thread or a newsletter. You get there by standing in the rooms with the highest talent density in the world, where the people building what's next are showing it first. So that's where we are. The poster sessions and hallway arguments at ICLR, ICML and NeurIPS, where the next architecture is still non-consensus to the world. We sit where your research comes from, so we recognise what you're building before it has a name.At the last one, we found ten Lean researchers and introduced them to one of our portfolio companies. We're heading to ICMR next

We spend our days compounding a network of global AI capital, building relationships deep enough to put your company in front of it when the next round comes. That network has already helped our portfolio raise close to $100 million. The quieter work matters more: making sure the top global funds, Khosla, Foundation, Accel and the rest, already index BoldCap and the founders back, so the room knows your name before you walk in. We believe that is where a seed fund's true alpha lives, in the power to shift a company's orbit.

We go the extra mile to put frontier AI builders and researchers in the same room. This year, we co-hosted the Formal Verification Summit in San Francisco, designed and executed hand in hand with Pramaana Labs. In one room, we gathered the world's best autoformalisation companies, Axiom, Harmonic, Logical Intelligence and Theorem, anchored by Vinod Khosla.The teaser said it best: AI Stops Saying Sorry.www.verificationsummit.ai[]

In the AI era, the best product still loses to the best-told one. We fundamentally believe storytelling is a differentiated value-add for deeply technical builders, so we embed in your team like an operator, not a vendor, shaping the narrative that wins customers, talent and the next round. A storyteller in residence orchestrates the best partners across writers' rooms, PR, video production, design, brand agencies and GT