UVC: Mikhail Taver from Taver Capital on why he chose AI as the technology to focus on, the value proposition of AI for traditional heavy industries like mining & what people often overvalue in venture capital

Understanding VC

01-06-2023 • 33 mins

In this episode you will learn:

  • Why is psychology important for an investor, especially when dealing with early-stage companies?
  • What made Mikhail decide to explore VC? What were some of the adjustments Mikhail had to make when transitioning from private equity to venture capital?
  • Why did Mikhail choose AI as a technology to focus on? Why do they have a global mandate for their fund?
  • What value proposition does AI offer traditional heavy industries, like mining? Why aren't many people building companies in this space?
  • How does Mikhail spend his time as a solo VC?
  • What do people overvalue in venture that he doesn't? Why does he believe knowledge of finance is not as important at the early stages of a company?
  • Why did Mikhail name the fund after his own name?

About:

Mikhail Taver is the founder and managing partner of Delaware-based Taver Capital, an international venture capital fund focused on investing in global artificial intelligence companies. In 20 years of top executive roles with major financial groups and industrial companies, he has closed over 250 M&A and private equity deals. He holds CFA, ACMA and CGMA certifications.