Yann LeCun’s new VC fund lasted eight hours. Then it vanished
A shiny new VC firm named the AI pioneer as a partner on Friday morning. By Friday night, the fund did not exist.
Yann LeCun has had a busy year. Now he has had a strange one. On Friday, a new venture firm called Extelligence Invest named the man often dubbed a “godfather of AI” as a partner. Within about eight hours, its website had gone dark, LeCun had walked away, and the fund had collapsed.
Sifted‘s Maya Dharampal-Hornby broke the story. She had checked LeCun’s involvement with his spokesperson before publishing. Documents seen by the outlet showed Extelligence planned to back early-stage startups across Asia, Europe and North America. Then the whole thing unwound in public, in a matter of hours.
What Extelligence was meant to be
On paper, the pitch was tidy. Extelligence would invest in technical founders building defensible intellectual property, across areas from longevity and...
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