Technology

These days, almost no industry is immune to AI disruption, and it’s no surprise that venture capitalists have embraced it, as have the startups that pitch to them for funding. But will its increasing use in the sector usher in the end of VC as we know it?

Venture capitalist and 4Di Capital partner Justin Stanford says he regularly uses AI to help write term sheets and to find red flags in legal documents. He says AI has probably done away with the need for at least one junior analyst in VC firms, adding that he’s been working with a consultant, who, on his own, managed to produce a term sheet, slide decks and long-term strategy documents for prospective investors, which would usually take a team of people months of work, and “he just knocked it out in a week with his AI”.