
IVP GP: Inside Perplexity, Dropbox, Abridge & Glean!
Exclusive: Somesh Dash, General Partner at IVP, joins us to discuss the future of AI and Venture Capital. Somesh has backed some of the world's most transformative technology companies, including Dropbox, Discord, Anthropic, Rubrik, Glean, Abridge, and Perplexity, while working alongside extraordinary founders and witnessing the evolution of Silicon Valley. Now, as AI fundamentally reshapes how companies are built, scaled, and defended, Somesh believes the rules of entrepreneurship are changing faster than ever. And some of his predictions might surprise you. Topics We Covered: • Why Somesh believes traditional product-market fit may no longer exist in the age of AI • The story behind IVP's investments in Glean, Abridge and Dropbox, and what convinced Somesh to back their founders • Why he believes Perplexity could become a trillion-dollar company, and what most people misunderstand about its potential • How AI is reshaping the future of venture capital, from funding smaller teams to the rising costs of scaling startups • How IVP passed on investing in Facebook at a $500 million pre-money valuation, and the lessons Somesh learned from one of the biggest missed opportunities in venture capital • How AI startups can build sustainable competitive advantages when OpenAI, Anthropic, and other frontier model companies could become their competitors • What Somesh learned from investing in Dropbox, and why its influence extends far beyond the company itself • Why Somesh believes traditional education remains valuable even when AI makes information accessible to everyone • How Somesh's family history in India's independence movement shaped his worldview and his childhood ambition to become a diplomat And Guess What Somesh's Favorite TV Shows Are? 🕵️♂️🌍💰 Host: Yossi Garmazi #VentureCapital #Startups #Investing #Perplexity #Dropbox #Abridge #Glean #IVP Chapters: 00:00 No more Product Market-fit 00:26 Intro 01:08 Heuristics When Meeting Entrepreneurs 04:03 Surprises When Investing 05:27 Having a Moat in AI Era 09:38 Future of Education 12:42 Entrepreneurs in AI Era 16:18 Competition with Frontier Models 21:06 Glean Investment & Working with Arvind Jain 24:33 Abridge Investment & Working with Dr. Shiv Rao 29:17 Dropbox Investment & Working with Drew Houston and Arash Ferdowsi 34:36 The Future of Venture Cpaital 37:05 IVP Investing Approach & Facebook Investment Story 41:46 Perplexity Investment & Working with Aravind Srinivas 44:04 Somesh' Diplomat Dream & Family Background 47:40 Mentorship 49:37 Coffee Question 51:43 Favorite Sports Team 53:30 Favorite Movie & TV Series


















