Our latest episode with Tomasz Tunguz is live! The Decade of Data @ttunguz has spent almost two decades turning data into investment insights. After backing Looker, Expensify, and Monte Carlo at Redpoint Ventures, he launched @Theoryvc in 2022 with a bold vision: build an "investing corporation" where researchers, engineers, and operators sit alongside investors, creating real-time market maps and in-house AI tooling. His debut fund closed at $238 million, followed just 19 months later by a $450 million second fund. Centered on data, AI, and crypto infrastructure, Theory operates at the heart of today's most consequential technological shifts. We explore how data is reshaping venture capital, why traditional investment models are being disrupted, and what it takes to build a firm that doesn't just predict the future but actively helps create it. Listen now: • YouTube: • Spotify: • Apple: A big thank you to the incredible sponsors that make the podcast possible: ✨ Brex — The banking solution for startups: ✨ Generalist+ — Essential intelligence for modern investors and technologists: We explore: → How Theory’s “investing corporation” model works → Why crypto exchanges could create a viable path to public markets for small-cap software companies → The looming power crunch—why data centers could consume 15% of U.S. electricity within five years → Stablecoins’ rapid ascent as major banks route 5‑10% of U.S. dollars through them → Why Ethereum faces an existential challenge similar to AWS losing ground to Azure in the AI era → Why Tomasz believes today’s handful of agents will become 100+ digital co‑workers by year‑end → Why Meta is betting billions on AR glasses to change how we interact with machines → How Theory Ventures uses AI to accelerate market research, deal analysis, and investment decisions …And much more!