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Sarah Smith’s Solo-Led $16M Fund I Closes, Powered by AI and Stanford Focus
July 11, 2025
Sarah Smith, founder and managing partner of the Sarah Smith Fund, announced Thursday the final closing of her $16 million Fund I.
Smith launched the fund in 2022 after 7 years at Bain Capital Ventures, operating as a solo general partner.
She’s excited about AI’s role in transforming venture investing, saying, “I can’t imagine doing venture any other way now.”
Smith values the agility of solo investing — no committees needed — and uses AI extensively to speed up her work.
She shared a recent example where AI helped her complete a values articulation project in 2–3 hours instead of 20, enabling her to scale a large portfolio single-handedly.
Previously, Smith managed a $3 million rolling fund and spent a year raising this first formal fund. Fund I aims to back 50 startups, having already invested in 17 with average checks of $250,000. LPs include Pear VC, Ulu Ventures, and Verdis Investment Management.
Her investment focus centers on startups connected to the Stanford ecosystem, where she is an alumna. She points to research by Ilya Strebulaev showing Stanford founders represent 11% of unicorns globally, emphasizing her bet on the campus over traditional Sand Hill Road firms in San Francisco.
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